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US utilities join forces to stockpile critical electrical equipment

5/9/2016

 USA, Delaware: Large U.S. utilities are joining forces to fund the creation of a new Delaware company, Grid Assurance LLC., which will stockpile critical pieces of electrical equipment that can be rushed to power companies if they are hit by terrorist attacks, earthquakes or other disasters that could cause extended blackouts.

The new enterprise will store large power transformers, circuit breakers, and other crucial parts at secure, unidentified locations, and sell them to participating utility companies who need them during emergencies, reports The Wall Street Journal

Leading electricity companies involved in the project include American Electric Power Co., Exelon Corp. and Southern Co.

Source: The Wall Street Journal