Sophisticated traders draw criticism for profiting off power shortages

[Wireless News]

http://l2.yimg.com/bt/api/res/1.2/.jhXmuHsHQXfGtJGpYsJVA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en-US/homerun/verge.vox.com/b1bc0e653842ac3211906e3916a90207 (http://news.yahoo.com/sophisticated-traders-draw-criticism-profiting-142936797.html)As summer heat spikes and air conditioning units flip on across New York's Long Island neighborhoods, the aging electrical grid is struggling to handle the demand. To compensate these local power plants reach across the state and the nation, borrowing juice from places with electricity to spare. Congestion contracts allow private companies to wager on the nation's recently deregulated electrical grid



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