As Hurricane Irene ravaged the East Coast last weekend, one was left wondering just how country’s aging electric infrastructure was handling the fallen trees, downed power lines, and blown-out transformers. In the end, as many as 5.48 million homes and businesses were left without power in the wake of this massive storm. As companies work to restore power, will they be able to improve the grid?
Christine Tezac is a Senior Energy and Environmental Policy Analyst for Baird. She spoke with CNBC on Sunday. According to Tezac, there could be a stimulative effect to rebuilding the damaged parts of the 50-year-old grid. It will “provide an opportunity to put in more advanced, digital transformers and to string new lines. It certainly provides the opportunity to increase the automation and digitization on the distribution system.”