The electric power industry's preoccupation with passing through its biggest single-year fuel increases in history is creating a strong chance that U.S. power markets will not be able to successfully address resource adequacy, resulting in power shortages in some areas of the country within the next five years. |
This weakness in an environment of price shocks, fuel volatility and regulatory uncertainty is the recipe for continued boom and bust cycles in the power industry. |
We've got to get the investment climate right, now. |