Lake Erie Grid and the upcoming calls for public investment

This article suggest that the public is going to take the hit for the upgrades. I say we start spreading the word now that if the public pays for the upgrades, then the powerplants must be RE-regulated.
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Blackout Probe Focused on Lake Erie Grid
Disruption Cascaded in Less Than 10 Seconds, Affected Over 100 Power Plants

The largest power blackout in American history prompted new calls Friday for overhauling the nation's electricity system. Investigators said the power disruptions likely began in the Midwest but they have yet to pinpoint the cause.

Investigators said they are focusing on a massive electrical grid that encircles Lake Erie, moving power from New York to the Detroit area, into Canada and back to New York state. There had been problems with the transmission loop in the past, officials said.

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At a news conference, Gent provided a picture of the enormity of the blackout that began Thursday at 4:11 p.m. and raced from New England to Michigan and southeastern Canada.

He said more than 100 power plants -- including 22 nuclear reactors in the United States and Canada -- were shut down, and the blackout affected 50 million people over a 9,300-square-mile area from New England to Michigan.

<snip>

It's very clear this is not about deregulation. It's about investing in the transmission system," said Nora Brownell, a member of the Federal Energy Regulatory Commission.

http://www.washingtonpost.com/wp-dyn/articles/A63794-2003Aug15.html

Edited to correct major typo.

maybe all these companys have been so busy building power plants across the pond , maybe this is why are own power has gone down hill , these greedy s.o.b. have put none of there profits back in our country , the run to invest over sea's and get there money has left us short of new power plants here at home , these suckers need to up date there systems with there own dam money , and forget about trying to give us a bigger screewing

should become public property.

should become public property.

Wow! What a progressive idea.

Sounds kinda socialistic, maybe even commie.

180

The public invests, and a select group of private individuals reap the profits. How does that exactly translate into pure capitalism?

By, of, and for the people.

Not by, of, and for the corporation.

The US Constitution proudly yells it out!