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The August 14, 2003, electricity blackout-the largest in the nation's history-affected millions of people across eight northeastern and midwestern states as well as areas in Canada.

The August 14, 2003, electricity blackout-the largest in the nation's history-affected millions of people across eight northeastern and midwestern states as well as areas in Canada. The blackout intensified concerns about the overall status and security of the electricity industry at a time when the industry is undergoing major changes and Americans have a heightened awareness of threats to security. Because of these widespread concerns and the broad institutional interest of the Congress, we (1) highlighted information about the known causes and effects of the blackout, (2) summarized.

14, 2003, electricity blackout - the largest in the nation's history - affected millions of people across 8 Northeastern and .

14, 2003, electricity blackout - the largest in the nation's history - affected millions of people across 8 Northeastern and Midwestern states as well as areas in Canada. Стр. 36 - Page 36 GAO-04-204 Crisis and Opportunity for the Electricity Sector Potential Options Addressing Divided Regulatory Authority Issue - Divided regulatory authority limits development of market and reliability of the system, Entire network interconnected - points on grid separated by milliseconds, Lack of coordination between the development of wholesale and retail markets limits the potential benefits, A patchwork of rules now governs.

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2003 Blackout Identifies Crisis and Opportunity for the Electricity Sector

2003 Blackout Identifies Crisis and Opportunity for the Electricity Sector. We recognize that many issues surrounding the restructuring of the electricity industry are complicated and that solutions involve complex policy tradeoffs for the Congress that will undoubtedly take time to fully resolve. GAO stands ready to provide any analytical assistance the Congress may need in this important long-term endeavor.

Publisher: : Diane Pub Co, 2004. All Authors, Contributors: Jim Wells. Find more information about

Publisher: : Diane Pub Co, 2004. Find more information about: Jim Wells. ISBN: 075673756739638.

Palmer (2001) predicts that the entry of new and more efficient generators could correlate negatively with electricity prices.

Why restructuring and competition? Electricity sectors almost everywhere on earth evolved with (primarily) . The overriding reform goal has been to create new governance arrangements for the electricity sector that provide long-term benefits to consumers.

Why restructuring and competition? Electricity sectors almost everywhere on earth evolved with (primarily) vertically integrated geographic monopolies that were either state-owned or privately-owned and subject to price and entry regulation as natural monopolies. The primary components of electricity supply -- generation, transmission, distribution, and retail supply -- were integrated within individual electric utilities.

FERC assisted the US Department of Energy in determining the root causes of the blackout that occurred on August . November 18, 2003 - Electricity restructuring: 2003 blackout identifies crisis and opportunity for the electricity sector.

FERC assisted the US Department of Energy in determining the root causes of the blackout that occurred on August 14-15, 2003. This page contains relevant statements by the Commission on the blackout, the progress of the investigation, and other related topics. February 6, 2006 - DOE and FERC submit Transmission Monitoring Report to Congress. September 12, 2003 - US-Canada blackout investigators release chronology.