Word: iso
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Dates: during 2000-2009
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...professional kidnapping-for-ransom gang. They were morticians?employees of one of the hundreds of companies that compete for market share in Taiwan's bizarre and unruly funeral industry. In Europe and the U.S., "death care" is a multibillion-dollar business, dominated by colossal corporations with stock-market listings, ISO ratings, and executives recruited from leading business schools. It's a big industry in Taiwan too (residents spend around $3 billion a year on funerals), but for centuries, local culture has had it that undertakers are bearers of bad luck, dirty people whose social status ranks somewhere between prostitutes...
...California's power demand has grown nearly 25% since 1995, far in excess of the state's relatively small additions to capacity. (By contrast, Texas has built 22 new plants since 1995, with 15 more scheduled to come online within a year.) That forces California's Independent System Operator (ISO), which manages the power grid, to find some 6,000 megawatts a day outside the state...
...after five years of deregulation, five months of trouble and five weeks of genuine "crisis," the power system of the nation's most populous state (and the world's sixth largest economy) finally had to be given a breather by the folks at Cal-ISO because power reserves were dangerously...
...trying to manage the picture here today, but we've come to the end of the road here as far as supply within California and out-of-state resources go," said Jim Detmers, the ISO's managing director of operations...
...demand skyrocketed, all those companies that were supposed to come to the Golden State to build new power plants and join the marketplace didn't come fast enough. Existing power suppliers had rising natural gas prices to worry about, and soon found ways to milk the market (and Cal-ISO) for as much as the traffic would bear...