Friday, March 20, 2009

American Energy – Nationalized? Not So Fast!

We’re still talking about National Grid USA and today we are starting to list all their operations in the USA – that we are aware of; and reviewing a few steps taken by NG that required them to step back.

Electric Utilities Owned
Massachusetts Electric Company (MA)
Niagara Mohawk Power (NY)
Nantucket Electric Company (MA)
Granite State Electric Company (NH)
New England Power Company (VT)
Narragansett Electric Company (RI)
Gas Utilities Owned
Colonial Gas Company (Massachusetts)
Boston Gas Company (MA)
Energy North Natural Gas, Inc (NH)
Brooklyn Union Gas Company (NY)
Niagara Mohawk Power Corp (NY)
KeySpan Gas East Corp (Long Island NY)
Rhode Island-Gas (RI)

Power Plants Owned
LIPA – 11 plants previously owned by KeySpan
New York City – former Con Ed plants provide 25% of NYC load
Glenwood Plant – Yonkers (NY)

It seems that back in 2003 the first US for-profit Independent Transmission Company, GridAmerica (Managed by National Grid, USA) went into operations in the Midwest. It was a subsidiary of National Grid Transco and began managing the transmission assets serving consumers through utilities in Ohio, Indiana, Illinois, Pennsylvania and Missouri.

Suddenly, in November, 2005 Grid America ceased operations and its services were taken over by the Midwest Independent Transmission System Operator (Midwest ISO). What appeared to be a giant step for National Grid has, thankfully, been turned into a corrective back-step. One either owns utilities or transmission lines. Apparently not both!

Monopolies are ok in Britain, but not here, thank you FERC.

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