11/07/2000
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Revamping forecasts, NERC concedes it underestimated demand
After declining for a number of years, North America's electric generating capacity is expected to rebound in the next 5 years, says the North American Electric Reliability Council (NERC), although shortages are expected to persist in California. At the same time, the nonprofit organization, formed by utilities after blackouts in 1965, concedes it has substantially underestimated demand in the past and is revamping its methods for forecasting 'to keep pace with the evolving market.'