While Americans have become ever more dependent upon
electricity in their daily lives, a crucial part of the system that supports
their way of life has not kept up. Yes, the country has built more power
plants-enough to create a glut of power in most parts of the country.
(41) __________. California’s disastrous partial energy
deregulation and the role played by Enron and other energy marketing companies
in its power crisis have impeded changes in the national ability to deliver
power. (42) __________. Moreover, the deficiency also includes
inadequate coordination among the regions in managing the flow of electricity.
These interregional weaknesses are so far the most plausible explanation
for the blackout on Thursday. (43) __________. The problem is
with the system of rules, organization, and oversight that governs the
transmission networks. It was set up for a very different era and is now
caught in a difficult transition. The transmission networks
were built to serve a utility system based on regulated monopolies. In the
old days, there was no competition for customers. Today, the mission is to
connect buyers and sellers seeking the best deal, irrespective of political
boundaries and local jurisdictions. (44) __________. Yet the
power industry is probably not even halfway there in its shift from regulation
to the marketplace. The California power crisis and the power-trading
scandals sent regulators back to the drawing board, slowing the development of
new institutions, rules and investment to make competitive markets work.
(45) __________. [A] Over all, for more than a
decade, the power industry has been struggling with how to move from the old
regulation to the new marketplace. This shift was driven by the view that
half a century of state regulation had produced power prices that were too high
and too varied among states. Factories and jobs were migrating from
states with high electric power prices to those with lower prices.
[B] But the transmission system is caught in the middle of the stalled
deregulation of the American electric power industry. [C] As a
result, the development of the regional transmission organizations is erratic.
More than one-third of the power transmitted is not under the control of
regional transmission organizations. Some states fear that their cheap
power would be sucked away to other markets; others do not want to subordinate
state authority to the Federal Energy Regulatory Commission.
[D] It was unclear when the waters would recede, never mind when life
would return to normal. Power may not be restored for weeks.
Looting, too. Began to spiral out of control. Mr Nagin, who
said the city might be uninhabitable for three months, was forced to order
police to concentrate on stopping crime, not saving people. [E]
What’s preventing greater connection and coordination between regions The
technology exists, and is available; the economic benefits of relieving the
bottlenecks between regions far exceeds the costs by many billions of dollars.
[F] Yet, despite claims in the wake of last week’s blackout
that the nation has a "third world" power grid, the regional networks are first
world. But in one critical aspect, the system has become increasingly
vulnerable: in the interconnections among the different regions. Both the
number and size of the wires on the borders between regions are inadequate for
the rising flow of electricity. This missing part creates the worst
bottlenecks in the system. [G] Since entering the overseas
power market in 1993, KEPCO has established several achievements through its
distinguished international business strategies to promote electric power
development of the world. Based on its long experience and advanced
technology gained over 100 years in Korea, KEPCO continues to build up its
outstanding reputation as a leading utility company. Moreover, KEPCO
embraces challenges and makes bold steps into wider markets in the world by its
flair for dynamic activities, which is favorably received in the Philippines,
China, Vietnam and Libya.