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Gabe, The power industry has had more investment due to deregulation than would otherwise have occured. The macro economy has benefited by allowing power marketers to use existing capacity rather than each being obligated to build their own lines, e.g. there has been a much more efficient use of capital. Without this energy open access, there would be much less power generation, thus much higher energy prices, and there would be no current incentives to expand and synchronize the once disparate transmission lines. What mark in utah was pointing out regarding the irksomeness of demand for transmission over his company's lines which sometimes results in maxed capacity, is clearly a situation which is tendable and will be absolved when new transmission capacity comes on line. You have to remember, energy regulation is still in it's infancy, yet if we had not had it, the supply intended to meet today's surging demand would be much smaller, and rate increases/blackouts would be much more prevalent. Do you have a better idea for meeting energy demand? Let me guess, solar, wind, biomass, and above all, government imposed energy rationing aka "conservation". I'll let you in on a not so secret - these feelgood solutions make nice PC headlines and fill the fodder of detached academia, but in reality will only lead to a major recession. The electric utility for which I am currently consulting has taken advantage of their available capacity (both on a constant basis and demand basis) and resultant cash inflow coming in from the other users of their transmission lines, and using that ca***o upgrade their transmission lines (which should be online by early next year). If not for open access, they would have to raise that cash via a rate increase imposed upon it's members. I would venture a guess that mark in utah's firm is also taking advantage of their available capacity and selling "time" on it's lines for some nice revenues.
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