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Power Price Spikes Pose Threat This Summer

Power Price Spikes Pose Threat This Summer

Major price spikes could recur in the Midwest power market this summer, according to a key consulting group. "I would say it's like 50-50 whether we're going to have very gross spikes there," said Judah Rose, vice president of wholesale power for ICF Kaiser International Inc. "It looks like we may luck out, but it's still very, very dicey" in the Midwest region. A major factor is "no one knows who's in charge of reliability in the Midwest," he told GasMart/Power '99 in Dallas. Rose believes the federal government needs to intervene to settle the issue once and for all. "There is nothing more federal than the intersected power grid. The federal government needs.to set up who's in charge of reliability, figure out what the rules are."

In a related issue, Rose said he supports multi-utility independent system operators (ISOs) - as opposed to single-utility transcos - for the operation of transmission operations. He believes ISOs would get the grid more organized on a multi-regional basis.

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