Michael Giberson From the New York Times: 2nd Day of Power Failures Cripple Wide Swath of India It had all the makings of a disaster movie: More than half a billion people without power. Trains motionless on the tracks. Miners trapped underground. Subway lines paralyzed. Traffic snarled in much of the national capital. On Tuesday, India suffered the …
India’s Electrical System Produces Largest Power Blackout Ever Read More »
Michael Giberson At ProPublica, Ariel Wittenburg assesses the meaning of the early September blackout affecting parts of Arizona, Southern California, and Northern Mexico. The proximate cause was substation maintenance in Yuma, Arizona and an apparent fault in protective systems that should have kept surrounding lines running during maintenance. As these systems failed, the disturbance reached …
Michael Giberson The Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corporation (NERC) have issued their report on the events surrounding electric power and natural gas supply interruptions around the Southwest United States in early February, 2001. The culprit? According to the press release: “the task force found a majority of the …
Michael Giberson At the LegalMatch Law Blog, Sonya Ziaja editorializes in favor of laws against price gouging: Natural forces are blind to what they destroy. People aren’t. In the past month, tornadoes and flooding in the South and Midwest left behind crippled lives, destroyed homes, and eviscerated infrastructure. Now as the victims of the tornadoes …
Do Anti-price Gouging Laws Help the Victims of Natural Disaster? Read More »
Michael Giberson A FuelFix post by Tom Fowler relays ERCOT’s report that the Texas grid operator expects to have enough power to serve customers reliably this summer. At the end of Fowler’s post he casually mentioned, in connection with the rolling blackout in ERCOT last winter, “a report by federal reliability officials concluded power plant …
Michael Giberson The Texas Reliability Entity has issued its report on the ERCOT extreme cold weather events and rolling blackouts of February 2, 2011. Texas RE is the NERC regional entity for the ERCOT power system and contracted to the Public Utility Commission of Texas to serve as ERCOT reliability monitor for the state agency. In …
Ercot Reliability Monitor Issues Report on the February 2 Rolling Blackouts Read More »
Michael Giberson The ERCOT independent market monitor (IMM) has released its report on the February 2, 2011 rolling blackouts. Excerpts from the report introduction are below, but let’s get to the meat of the matter. The IMM was asked (1) whether there was any evidence that market participants tried to manipulate the market for financial …
Independent Monitor Finds No Market Abuse During Ercot Rolling Blackouts on February 2 Read More »
Michael Giberson Without additional comment, I present two articles online at Transmission and Distribution World, both addressing Brazil and blackouts: Jan 16, 2008: “Brazil Has No Risk of Energy Blackout, President Says“ Nov 11, 2009: “Power Restored after Blackout in Brazil“
Michael Giberson Simon Johnson reviews and provides a summary of a paper by Daron Acemoglu on the current financial crisis. Johnson summarizes one of Acemoglu’s points as follows: The seeds of the crisis were sown in the Great Moderation (the low inflation, relatively stable last 20 years or so). Everyone who patted themselves or others …
What Model for the Financial System Breakdown? Falling Dominoes? Cascading Outages? Read More »
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