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: