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Reports highlight risks to power grid from attacks

Mar. 13, 2014 7:58 AM ETIDU, XLU, VPU, PUI, RSPU, SDP, UPW, FXU, NLR, NUCL, GRID, PSCU, AMPS-OLD, UTLT, FUTYBy: Yigal Grayeff, SA News Editor2 Comments
  • 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

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