Word: marylands
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...outs and ensuring there were enough players to make a truly competitive market (at last count, 200 buyers and sellers). And instead of trying to go it largely alone as California did, Pennsylvania is part of a wholly integrated, five-state trading market, including New Jersey and Maryland, that has effectively managed the high-wire balancing act of swapping power. "Electricity is like an ecological system. You can't do one thing without affecting everything else," says Phil Harris, CEO of PJM Interconnection, which manages the grid. "It has to be a regional solution...
...During the Q&A that followed, Maryland Democrat Paul Sarbanes accused Greenspan of "making a considerable contribution to that dissipation" with all this surplus talk, but then followed that with a major faux pas: "I take it interest rates will be reduced further next week?" (Greenspan only smiled behind his hand, and the betting remains that Sarbanes is right.) The dissipation - Greenspan bemoaned in particular the pork-barrel parade at the end of October's budget negotiations - is a Hill thing, and there the responsibility stays. The message: If Bush's tax cut busts the budget, it'll be your...
...question, of course, is how. Initially, California's hastily implemented deregulation wouldn't even permit utilities to hedge their bets with long-term fixed contracts--a key ingredient of successful deregulation efforts in states such as Pennsylvania and Maryland. The fear, ironically, was that they would lock in a high sale price today at the risk of missing out on a lower one tomorrow. Instead, they've had to pay top dollar on the daily spot market...
...listened to Carter on NPR the other day as he discussed that time. His familiar soft drawl - a sweet voice, with that undercurrent of regret and wonder that signals a southerner's nostalgia drifting back over a considerable distance - called back in my own mind a summer in southern Maryland many years ago, when I was a nine-year-old white boy and my best friend was Charles, the son of a black tenant farmer...
North Carolina State, Maryland and Temple...