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3 Local Warehouse Politics- United States Politics


Blackout: How the Electric Industry Exploits America

by Gordon L. Weil

Blackout: How the Electric Industry Exploits America Cover

ISBN13: 9781560258124
ISBN10: 1560258128
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Synopses & Reviews

Publisher Comments:


In August 2003, the lights went out across North America, from Michigan and Ohio and Canada's largest province of Ontario to New York and New Jersey. No one has ever been held accountable for this billion-dollar catastrophe.

In Blackout, Gordon L. Weil tells the story of how Thomas Edison's secretary began a vast national industry, how Franklin D. Roosevelt's New Deal tried to rein it in, and how this market dominated by a few large companies has profited from deregulation, with no benefits to consumers. He also explains the origins of the Enron scandal, as well as recounting how the famous blackout of 2003 could have been avoided: if only a few trees had been trimmed.

Review:

"With this ambitious book, Weil sets two complementary tasks for himself: to reveal many of the problems that have been hidden from the public about the electric industry, and to suggest redress. His sprawling, sometimes convoluted history begins with Thomas Edison's invention of the lightbulb and former Edison employee Samuel Insull's definitive approach to the business of electricity, which he refined while running the Commonwealth Electric Company in Chicago. Weil then covers the following century, leading up to the 2003 blackout and its aftermath, with a brevity that's alternately refreshing and frustrating. His distillation of the cause of that blackout as 'a series of failures and inefficiencies' is typical for its clarity, but when the author takes on more complicated topics, like the California energy crisis, his writing loses some of its accessibility. Small glossaries and inserts provide welcome background for the lay reader, but Weil's difficult subject and expertise in the field — he has worked as a power broker and energy consultant and advised the U.S. Department of Energy — are sometimes at odds with this generalized approach. However, his final recommendations, which are largely aimed at restoring knowledge and power to the consumer, are authoritative and persuasive. (July)" Publishers Weekly (Copyright Reed Business Information, Inc.)

Synopsis:

In the midst of the sweltering summer of August 2003, the lights went out across northeast America. From Canada to Philadelphia, houses were plunged into darkness, elevators stalled, subway cars ceased to run, air-conditioners shuddered into silence, and the candle-lit 1890s streets of Brooklyn became a reality once more. Astonishingly, no company or individual has ever been held accountable for what cost affected regions millions of dollars in lost revenue and compensation. The electricity companies involved introduced no new rules, nor a single firing — nothing. As Gordon Weil explores in Blackout, this was the culmination of a long history of exploitation by the electric industry of its customers, coupled with the seeming indifference and incompetence of the regulators who were supposed to protect them. Weil describes the founding of the original electric monopoly by Edison and his secretary, Insull, and reveals how and why Roosevelt's efforts to control the company's excesses failed. Weil continues with the willful failure of the industry to integrate itself into the competitive marketplace; a failure in which the customer remains the biggest loser. Weil concludes that unless the government and the regulators undertake radical legislation, "lights out" remains a distinct possibility for us all.

Product Details

ISBN:
9781560258124
Subtitle:
How the Electric Industry Exploits America
Author:
Weil, Gordon L.
Author:
Weil, Gordon Lee.
Author:
Weil, Gordon
Publisher:
Nation Books
Subject:
Public Policy
Subject:
Electric power distribution
Subject:
Electric utilities
Subject:
Industries - Energy Industries
Subject:
Government - U.S. Government
Subject:
Public Policy - Economic Policy
Subject:
Public Policy - General
Subject:
Political Science-Public Policy - General
Copyright:
Publication Date:
June 2006
Binding:
TP
Language:
English
Illustrations:
Y
Pages:
256
Dimensions:
8.08x5.92x.73 in. .54 lbs.
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