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$1.46B Lost Per Day in LA Blackout By Phillip Bane Aug 27, 2007 - 11:44:00 AM
Our electrical grid is poorly secured; at least that is what a recent study published by the Society for Risk Analysisconcluded. This is not an unexpected conclusion, but the study completed by the USC Center for Risk and Economic Analysis of TerrorismEvents put a cost to this lack of security -- it would cost LA about $1.46 billon a day.
The report analyzed the affect of a 2 week black our from a terrorism event. If you are interested in this topic, look at the several white papers issued by the National Energy Technology Laboratory (NETL)on the characteristics of a modern grid that outline how the smart grid would resist attack and heal itself in such situations. It is not big news that our gird is poorly secured or will cost billions if it goes down, the item that should be of interest is how do we avoid this disaster. Subscribe to our FREE eMail News Alert!
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