What Happens When America's Power Grid Becomes a Last Resort?
Good news. Electric grid reliability was a lot better in 2025 than in 2024. But one swallow does not make a spring, as Aristotle noted, a number of years ago. Grid reliability, we believe, has been trending downward since the turn of the century, that is, since deregulation really got rolling. Okay, you could argue, as a good logician, that this is an example of a post hoc ergo propter hoc fallacy, that is, because event B took place after event A must mean that A caused B. We admit that. We’re just pointing out the chronology,…