Report: Utilities Tab for Hurricane Harvey Recovery, Hardening Tops $500M
Robert Walton | Utility Dive
Utilities and their customers are shouldering the increasing cost of hurricanes and other natural disasters.
It took about a year to restore power to all residents, but fully rebuilding and modernizing Puerto Rico is expected to be a more laborious process. Navigant Consulting and the Puerto Rico Energy Resiliency Working Group concluded it would cost $17.6 billion to build a more distributed and renewable grid.
More than 60% of Florida electric customers lost power at some point during Hurricane Irma last year. Duke Energy Florida subsequently filed a petition with state regulators to recover an estimated $381 million in costs associated with the September storm. Tampa Electric filed to recover of $88 million to restore power after Irma and several previous storms…(Read the full story)
