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Western Markets: An Investor's Minefield
In the Jan. 15, 2003, edition of , Ben Richardson, senior consultant at Platts Research & Consulting, described efforts under way to improve transmission capability between systems in the Western Electricity Coordinating Council (WECC). These efforts aim to improve power exchange and to increase reliability. Along with greater coordination of transmission operation, these outcomes would foster a better investment climate for new generation in the West. However, even if all economically sensible investments in transmission occur, the West is likely to be far short of functional competition for wholesale and retail supply. Many barriers exist.
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