![]() ![]() There is more natural gas being used than scheduled. "The increase can stretch electricity supplies thin and cause strain on our power grid, especially in the late afternoon and evening, when solar production goes offline and wind generation is uncertain, however, temperatures and electricity demand remain high." "The ISO is predicting an increase in electricity demand, primarily from air conditioning use," according to a Sept. 8, the highest in a year, according to CAISO data. 9 and the restricted maintenance operations notice extended until 9 pm Sept. 8 with the flex alert extended until 9 pm Sept. The California Independent System Operator remains under a flex alert and restricted maintenance operations notice because of expected high loads and temperatures across the footprint with gas supply concerns in Southern California. Grid Instability & Resiliency CAISO Extends Flex Alert, Restricted Maintenance Operations on Supply Concerns 30, and according to Entergy, the largest utility serving the area, "Those in the hardest-hit areas could experience power outages for weeks." Read the Full Article ![]() The extremely powerful Hurricane Ida cut off almost 1.2 million customers from electric service as of about 1 pm CT Aug. Read the Full ArticleĪbout 1.2 Million Customers Without Power in Hurricane Ida's 'Catastrophic' Wake 10-12 storms that left nearly 1 million residents and businesses without power. and other electric utilities to file a report on their response and distribution system performance during the Aug. The Michigan Public Service Commission directed DTE Electric Co., Consumers Energy Co. Regulators Launch Inquiry into Electric Utility Storm Response faces questions about whether it was sufficiently prepared for another monster storm pummeling the city. With most of New Orleans suffering through a third day without power, Entergy Corp. Read the Full ReportĮntergy's Hurricane Outages Shine Spotlight on U.S. Five of the country's worst natural disasters have all occurred since 2005, totaling $523 billion in inflation-adjusted damage. The risks of acute, extreme weather events for U.S. Utilities’ Exposure To Physical Climate Risks Aside from water utilities and hydropower producers that will see their primary resource stretched by increasing droughts, thermal power generators like coal and nuclear plants also rely on vast amounts of water to cool their systems. "That hasn't quite achieved the level of resonance it ought to have in the broader corporate world."Īmong the seven different physical risk factors assessed by Trucost, water stress ranks by far the highest for utilities. "Physical climate risk really is everywhere," said Christopher Schwalm, risk program director and senior scientist at the Woodwell Climate Research Center, a U.S.-based think tank that works with companies on pinpointing their climate risk. ![]() The analysis, which ranks threats to the physical operations of around 15,000 public companies, shows utilities' vulnerability to physical climate risks generally tops other capital-intensive sectors like industrial manufacturing, oil and gas and real estate.Įxtreme weather events are likely to become even more frequent and intense as a result of rising temperatures, and experts argue that many businesses are not fully prepared to cope with the physical and financial impacts. Utilities face the highest combined physical risk from climate hazards like water stress, storms and wildfires among different industries, according to an analysis of data from Trucost. Climate Risk Utilities Face Greatest Threat as Climate Risks IntensifyĬlimate change is pushing power, gas and water companies to the frontlines of an intensifying battle against natural disasters that is set to increasingly hit the profits of businesses around the world. ![]()
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