Seeking Alpha

Reports highlight risks to power grid from attacks

  • The U.S. could suffer a nationwide blackout if just nine of the country's 55,000 electric-transmission substations were knocked out on a particularly hot day, the WSJ reports, citing a study from the Federal Energy Regulatory Commission.
  • The U.S. could suffer darkness "for weeks, if not months," the WSJ writes.
  • Utilities aren't required to protect vital substations unless they're located at nuclear facilities, although regulators are considering increasing security standards.
  • Meanwhile, nearly all utilities that took part in a drill last year to assess their ability to cope with online and physical attacks admitted they weren't prepared enough, a report from the North American Electric Reliability Corp shows. Over 2,000 participants from the U.S., Canada and Mexico were involved in the exercise.
  • ETFs: XLU, IDU, VPU, NLR, GRID, NUCL, RYU, PUI, UPW, FXU, SDP, FUTY, AMPS, PSCU, UTLT
Comments (2)
  • freeze.dried_mule
    , contributor
    Comment (1) | Send Message
     
    $GV
    13 Mar 2014, 08:50 AM Reply Like
  • Kmoney01
    , contributor
    Comments (60) | Send Message
     
    Look for this stock to hedge against the dow in the near future.
    16 Mar 2014, 05:35 AM Reply Like
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