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New York Wants to Create Its Own Power Company

Positive Future #519 (Feature photo – New York – Creative Commons Attribution-Share Alike 4.0 International license – Siddarth Hanumanthu)

EnergyCentral journalist Matt Chester touches on a topic with explosive potential to change the financial and economic world. New York City, after two power blackouts in eight days that left thousands in the dark, is considering a move to have energy generation become a municipally-owned enterprise.

The ramifications are huge as more projects from food to energy are opting for a public capital approach as opposed to a private capital approach.

The long-term ramifications are that public capital projects carry the potential to create more jobs, provide better service and lower the cost of service.

You can read the story here:

https://www.energycentral.com/c/gr/new-york-latest-us-city-weighing-locally-run-power

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