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Last summer's massive blackout has long since faded from the headlines, but for the electric power industry, it remains a page one story. In the year since August 2003, the electric power industry has come together and is putting in place safeguards to minimize the possibility of another major blackout.
For the longer term, though, the country needs to strengthen and expand its transmission networks. The grid is evolving from serving state and local needs to serving the regional needs of the country's evolving wholesale electricity markets. The country's demand for power continues to grow. The result is greater congestion on the lines, which can lead to higher ...