T&D Grid

Modernization of the U.S. power system is one of the most important policy steps that this nation can, and must, take. It may not be the most dramatic step, but it is the most important step toward ensuring the future welfare and livelihood of this nation.

T&D asset management — crucial to preventing future blackouts — boils down to capital budgeting and project prioritization.

The U.S. capacity margin growth of 2002 should have eased upward pressures on electricity prices. However, electricity prices surged in many areas, such as New England, where surplus electricity capacity has developed. This suggests that the standard definition of capacity margin may not be appropriate in the context of current market realities.

Implementing a strategy on climate change is a new sign of corporate responsibility, and utilities are responding in a variety of ways.