Word: eps
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Deregulation was supposed to cut electricity prices. But it also allowed consumers to choose a utility on the basis of other criteria, such as the energy source. That prompted EP&L into action. Renewable energy's future is a simple case of demand and supply: if EP&L and others influence consumers to choose renewables, more suppliers will enter the business. And bringing in more suppliers will close the price premium that green energy often carries, which will in turn spark demand...
That was, of course, before California's debacle, which erased EP&L's gains and caused some states to slam the brakes on dereg programs. Elsewhere, deregulation has lowered prices, and the green gang is still making inroads. So the game isn't over--some California parishes have begun strapping solar panels on their roofs--nor is the need for power of all kinds. The Energy Department sees a 25% surge in electricity needs by 2010 and has penciled in a similar rise in capacity. That supply growth depends on the construction of new generators. Yet the White House...
...EP&L lifted off in 1998 when Green Mountain, based in Austin, Texas, agreed to print educational material and offer churches $35 cash for each parishioner who enrolled. Formerly part of a Vermont utility, the company was sold to private investors in 1997. A cynic might call the setup a marketing V.P.'s wildest fantasy: priests endorsing a product in the name of you-know-who and then pounding the pavement. But that would not be entirely fair. Both sides are vulnerable, and neither has an advantage. It's the Holy Spirit meeting the "invisible hand...
Scott Waddle's rendezvous with his submarine contrasted sharply with the celebratory reception, also in Hawaii, of another Navy man, Lieut. Shane Osborn, whose actions saved the lives of a crew of 23 after his EP-3 spy plane collided with a Chinese F-8 fighter jet, killing its pilot. With China, a budding rival for power in the Pacific, Washington adopted a hard line, waging a diplomatic battle for more than a week to avoid an apology to Beijing for a crash the Pentagon claims was caused by the Chinese pilot in the first place. The U.S., of course...
Moreover, any drone capable of replicating the EP-3E mission is far down the road. After all, the Air Force only now is building Global Hawk drones at $50 million a pop to replace the venerable U-2 spy planes. The new drones, capable of loitering high over hostile terrain for more than a day, should be flying real-world missions by 2010--a full half-century after the Soviet Union shot down Francis Gary Powers' U-2. --By Mark Thompson/Washington...