US: CALIFORNIA SUFFERS FROM ELECTRICITY SHORTAGE

Article Abstract:

California is suffering from an acute shortage of electricity. Supply briefly dipped to 1.5% of capacity triggering a state of emergency where lights in public buildings are dimmed, photocopiers are turned off and air-conditioning is rationed. The Stage 3 emergency lasted two hours with non-essential power consumption eradicated. It poses major risks to productivity and inflation. The problem in California is caused by deregulation of the electricity industry, which removed incentives for the building of new capacity. As demand for electricity grows in high-tech industries power companies have bought electricity from other states but the system reaches breaking point in winter.

United States, Production data, California, Strategic alliances, Use of materials & supplies, Supply and demand

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Tartan army in retreat

Article Abstract:

Scottish Power is experiencing significant financial difficulties as a result of falling power prices at US subsidiary PacifiCorp. However, it hopes to recoup much of its losses in price rises to customers. Chief Executive Ian Russell faces a challenge in convincing analysts that he can bring about a strategic change in the company's fortunes.

Management, Company Profile, Scottish Power PLC

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'I admit it, I'm a professional pylon-spotter.'

Article Abstract:

National Grid is very much an Anglo-American business, according to Group Chief Executive Roger Irwin. He indicates that he places strong emphasis on value creation for shareholders.

Officials and employees, Interview, National Grid Company PLC, Irwin, Roger

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