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US government: More investment in the power grid

Handelsblatt online

13 August 2013

 

PA’s recent analysis of utilities in the US is referenced in an article on the reliability of the US power grid in German newspaper Handelsblatt online.

The article explains that, due to power outages which have led to $billions in losses, the US government is encouraging greater investment in its dated power grid. A recent White House report estimates losses of $18 to $33 billion per year caused by power outages or disruptions. In years with heavy storms this amount could even increase up to $75 billion. Thunderstorms, hurricanes and further extreme weather events were responsible for 58 per cent of all outages surveyed since 2002. Climate experts expect such events to increase over the coming years.

At the same time, the power grid in the US is old and highly vulnerable. Approximately 70 per cent of transmission lines and transformers have been running for 25 years or more – and according to experts, they are more exposed to disruptions. According to PA’s analysis, each utility client in the US faces 1.2 outages per year with total duration of 112 minutes.(…)

 


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You can read the full article here.

   
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