Power grid still vulnerable
Economic losses were estimated at as much as $10 billion. Five years later, the North American electrical power grid is still highly susceptible to severe disruption.
“The vulnerability of our outdated electric transmission and distribution system is a major liability with serious implications for our national resilience, security and economy. If a tree branch can cause such a devastating failure, imagine what could happen in the event of a terrorist attack or natural disaster,” according to Kenneth Nahigian, Reform Institute Senior Advisor and author of the recent Institute white paper, The Smart Alternative: Securing and Strengthening Our Nation’s Vulnerable Electric Grid.
“Instead of ignoring what happened five years ago and hoping for the best, we must embrace the lessons of that experience and work towards a modernized energy infrastructure that is more resilient, secure, reliable and efficient.”
“As a key part of our critical infrastructure, revitalizing and strengthening our electrical grid must be a national priority,” added Cecilia Martinez, Reform Institute Executive Director. “Implementing the next-generation ‘Smart Grid’ will be essential to U.S. resilience and energy sustainability.”
Related News
Secret Liberal cabinet document reveals Electricity prices to soar
TORONTO - The short-term gain of a 25 per cent reduction in rates this summer could lead to long-term pain as a leaked cabinet document forecasts prices jumping again in five years.
In the briefing materials leaked and obtained by the Progressive Conservatives, rates will start rising 6.5 per cent a year in 2022 and top out at 10.5 per cent in 2028, when average monthly bills hit $215.
That would be up from $123 this year once the rate cut — the subject of long-awaited legislation unveiled Thursday by Energy Minister Glenn Thibeault — takes full effect. There will be another…
