Word: grid
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...then found that one of three transmission pipes feeding water into the station's boilers was steaming up and ready to burst. Its automatic shutdown system kicked in, causing all four units of the power station to halt. That took about 1,200 MW from the country's grid and brought electrical reserves to a dangerously low level. Before the station could come back online, tens of thousands of Greek households, suffering in temperatures above 40C, switched on their air conditioners, overloading substations in the northern part of Greece, where most of the country's power is generated. Within seconds...
...networks are "natural" monopolies that can't be liberalized; it makes no sense to build competing electric lines. Regulators have pressured transmission companies to cut costs, and the easiest way to do that is to stop investing. "Now there needs to be clear room for investment for upgrading the grid," Lewiner says. In Athens, officials insist that five new substations will come online by next month, enough to ensure that the juice will flow throughout the Olympic Games. But the Continent's electricity system isn't so easily fixed. Regulators have to offer incentives to companies to make long-term...
...IPOs for June have already trumped the $6.6 billion fetched during all of 2003, according to Dealogic. Shares in Spanish broadcaster Telecinco had soared by more than 20% at the end of its debut week, while Italy's state-controlled utility Enel cheered the flotation of its national power-grid owner Terna. And even after a bungled lead-up, investors piled in for a 33% share of Postbank, Germany's largest retail bank, generating €1.55 billion for parent Deutsche Post. Will investors tire? "The cash is there," insists Walter Kemmsies, head of European equity strategy at JPMorgan. "The market...
...Iraq's estimated electrical-grid capacity, in megawatts; down from a prewar level...
Whereas pressure from member schools had previously brought Murray in line when he spoke out against the television grid plan—some traditional opponents had gone so far as to drop the Quakers from their schedule—on Oct. 28, 1953 the eight schools agreed to strengthen their intra-conference calendars, implementing a round-robin schedule that guaranteed seven league games per season...