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Title
Economic Benefits of Increasing Electric Grid Resilience to Weather Outages
Description
A recent Congressional Research Service study estimates the inflation-adjusted cost of weather-related outages at $25 to $70 billion annually. The variation in estimates reflects different assumptions and data used in the estimation process. The costs of outages take various forms including lost output and wages, spoiled inventory, delayed production, inconvenience and damage to the electric grid. Continued investment in grid modernization and resilience will mitigate these costs over time – saving the economy billions of dollars and reducing the hardship experienced by millions of Americans when extreme weather strikes.
Date
Aug 12, 2013

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