Power Grid Attack Could Cause $1T Economic, $70B Insurance Losses

July 8, 2015

  • July 13, 2015 at 10:17 am
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    Let us not ignore the escalation of physical attacks on substations and power transmission facilities which have increasingly occurred since the Metcalf Substation gunfire attack in San Jose, CA.

    Regulators and most major utilities are moving at a snails pace due to lack of regulatory mandates and hesitancy to adequate funding to secure these facilities which were constructed decades ago when Homeland Security was not a consideration.

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