One of the areas I have found interest in is the delivery of power. Utility companies have been around since the 1800’s and surprisingly the way electricity is distributed has changed very little since Thomas Edison’s time. As the world becomes more dependent on reliable streams of electricity, the cost of electric blackouts -not having any power- has grown enormously over the past 30 years.
It seems widely accepted that our electrical infrastructure could use a bit of an upgrade. The main question is how are we going to pay for this? It is certainly not a cheap undertaking. Think how large of a job it would be to remove all those wooden telephone poles that carry power to our homes? Burying power lines would protect them from the elements but would certainly increase the cost of any planned project since virtually every neighborhood in the country would be affected, and this is just one segment of a larger project. Given the enormous cost to upgrade the grid, the case can be made for maintaining regulated utility companies to ensure that future improvements are in fact made and the duplication of efforts -capital inefficiency- is avoided.
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