Comment Re:Now who saw that coming? (Score 0) 327
"Everyone who understood how power grids work
I think you are mixing up people who are running the grid with the CEOs and owners.
E.g. as in power plant dispatchers, people cutting trees, people making prognoses, foreplaning of fossil fuel purchasing, setting up trades for surplus power or balancing power etc. p.p.
The people actually working in power production most certainly know how to run a grid. The CEOs, most certainly not.
In Germany one of the biggest power companies had a subsection that was run by an ex CEO of a vacuum cleaner company. With results reflecting that. Could tell you some interesting stories about that, but you would not believe them.
The main company was restored to profitability by Utz Classen, a "CEO" of soccer clubs. He simply sold everything off from the holding company that had nothing to do with energy production and forced the workers to a 4 day week, and cut the salary accordingly.
Bottom line that is only an anecdote. But the idea that a CEO knows the business and engineering or physics the business is based on is flawed. See Boing.