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The United States (U.S.) electric grid is considered one of the greatest inventions of the twentieth century, yet it become apparent over the past few decades that it is not without its own set of problems. The deregulation of the U.S. electric system in the late 1990s eliminated monopolies and resulted in the nation's generation, transmission, and distribution systems becoming separate entities owned and operated by multiple companies. This created a market economy in which many electric companies failed to plan for the future, did not invest in maintenance and upgrades, and began to push the aggregate system to its maximum capacity. A number of cascading power outages in the late 1990s, culminated by the complete blackout of the northeastern U.S. in 2003, have subsequently caused the federal government to question the reliability of the nation's deregulated electric grid and take action to remedy current issues. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.