Excerpt from the book:
“The term 'resiliency' is not new for the power sector. But it’s taken on a more urgent meaning within utility boardrooms, regulatory proceedings, government agencies and technology companies. This is the story of how power providers are adapting their businesses through the resiliency lens in a post-Sandy world.”
Superstorm Sandy was arguably one of the most significant storms in the history of the U.S. power sector. It was not a worst-case scenario. It was not the most expensive. And it was not the deadliest. But a confluence of factors made Sandy into an extraordinary event with a deep and lasting impact on how American utilities think about the future of the electric grid.
A combination of size, scope and timing set Sandy apart from past events that have caused trouble for the grid. Consequently, in the year and a half since the storm ravaged the East Coast, there’s been a meaningful shift in the way that utilities, regulators and policymakers talk about the electricity system.
Tens of billions of dollars have been proposed or spent to modernize the grid; power companies have become more vocal about factoring climate change into planning; and new smart grid technologies have proven their value to the electricity system. Meanwhile, utilities are witnessing the beginning of a structural change to their business models as clean, distributed generation becomes more competitive – in turn influencing the way regulators think about grid resiliency.DOWNLOAD eBOOK