EDITOR'S NOTE: With an energy crisis going on around the world, Americans should be concerned that Bloomberg is now reporting, "the U.S. power grid is becoming less resilient and reliable, with extreme weather leaving more Americans without electricity more often over the past several years." Analysts for Fitch Ratings say a quarter of all power outages are now a product of severe weather that power companies can't protect the grid from. With energy prices already going through the roof, a less reliable power grid is not only inconvenient and dangerous, but it could also have major economic ramifications shortly. The grid is what keeps our savings safe from loss, theft, and inaccuracies. With all the talk of a cyber pandemic from talking heads, financial experts, and global bureaucracies, it makes you wonder if this power grid threat conveniently connected to global warming is yet another false flag in the making.
- More Americans without power more often, Fitch Ratings says
- Extreme weather cause of 25% of utility downgrades since 2017
The U.S. power grid is becoming less resilient and reliable, with extreme weather leaving more Americans without electricity more often over the past several years, analysts for Fitch Ratings said.
Weather accounted for 25% of utility company downgrades from 2017 to 2021, analysts said during a presentation Monday at the Edison Electric Institute Financial Conference in Hollywood, Florida. U.S. power networks are also less reliable than those in other industrialized countries, they said.
“Climate change is expected to continue to challenge electric reliability,” said Fitch analyst Barbara Chapman.
Originally posted on Bloomberg.