Various utilities are working hard this week to restore power to customers in the wake of Hurricane Irma. According to the Department of Energy, almost 5 million customers remained without power in the state of Florida alone. Floodwaters and high speed winds from Irma affected major power sources throughout the state. Line crews and temporary employees are being deployed to repair electrical substations, transmission lines, power poles, and various other equipment affecting the power grid. One of the largest utilities throughout the Southeast also reported significant damage to its transmission system.
In recent years, utilities throughout Florida have spent large sums on storm preparations. Multiple hurricanes in 2004 and 2005 inspired utilities to complete various network upgrades. The damage and recovery efforts from Irma will be critical in determining if these preparations were worth the cost. If these activities prove to be cost effective, the efforts may be expanded in certain areas.
Absolute Consulting, headquartered in the Florida Panhandle, was spared from the wrath of Irma. However, some corporate staff and field professionals were affected by the storm. Business Development Directors worked with field staff to ensure that the safety of our staff was our number one priority. Most employees are expected to return to work this week. Absolute Consulting continues to keep all those affected in our thoughts.
Source: Absolute Consulting and The Wall Street Journal