There is an old belief that the time to invest in an industry is in a time of trouble. That may be why smart money is coming into the U.S. and international electrical industries.
Trouble is evident right now.
Power outages are probable this summer in many parts of the United States. California has already seen voltage reductions on extraordinarily hot days. Energy Secretary Bill Richardson has made speeches around the country about the need for policy changes, including selective pricing to encourage conservation. The House Commerce Committee will take up legislation next week to encourage companies or public-private partnerships to invest in transmission lines. Other proposals will be put forward to restructure the nation's electrical industry.