 "The Post-Standard (Syracuse, NY)")
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POWER GRID CLOSES COSTLY LOOPHOLE; RULE BARS POWER TRADERS FROM CREATING CERTAIN INTERSTATE TRANSACTIONS THAT STRAIN LINES, UP PRICE.(News)
From:
The Post-Standard (Syracuse, NY)
| Date:
July 24, 2008
| COPYRIGHT 2008 All rights reserved. Reproduced with the permission of The Herald Co. by the Gale Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Byline: Tim Knauss Staff writer
Operators of the New York power grid have closed a profitable loophole that benefited a small number of power traders this year while raising everyone else's electric prices.
The New York Independent System Operator notified federal regulators this week that it was taking emergency measures to block certain interstate power transactions that, while profitable, increase congestion on New York's power lines and raise the cost of k...
