The Boston Globe

Sloan Lecturer Harvey Michaels speaks with Boston Globe reporter Scooty Nickerson about skyrocketing energy costs in Massachusetts, and how cold temperatures this winter impacted the region’s system. Michaels explains that one contributing factor is the vast but costly energy system that can supply heat during cold dips but is expensive to maintain. “It’s like having a fleet of planes flying around with very few passengers on them,” Michaels explains. “It’s going to be very expensive for the passengers that do fly” to make it worth it.