Tuesday’s overall rally continued at most points Wednesday, but there were more instances of flat to backsliding numbers. Significant cooling load remained on the light side outside the South and much of the West, but the cash market did derive support from a 13.8-cent screen gain the day before.
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NERC Warns of Eventual Backsliding on Reliability Efforts Without Legislation
The stepped up efforts by the North American Electric Reliability Council (NERC) to shore up electric reliability in the U.S. in the wake of last summer’s devastating blackout in the U.S. and Canada could very well “backslide” without the eventual passage of federal legislation that makes currently voluntary reliability standards mandatory and fleshes out the role of federal regulators in the oversight of the grid, the CEO of NERC told reporters last Thursday.
February 23, 2004
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