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France, Power Supplier to Europe, Cuts Back as Surplus Shrinks (Bloomberg, 8/19/2003)

U.S. spending on power-distribution equipment fell by $2.5 billion, or 40 percent, from 1975 to 2000 as electricity use more than tripled, according to the Edison Electric Institute.

I'm amazed we didn't have instabilities in the grid earlier. Apparently we had built in a lot of reserve capacity in 1975. Posted by Paul Jaminet at August 19, 2003 8:06 AM