Electric grid security
The Department of Energy warns in a new report that
the aging electric grid, which provides most electricity to the nation, faces
threats from terrorism and storms caused by climate change that could knock out
Wall Street, hospitals and the Internet if left unfixed. In the
administration's first ever "Quadrennial Energy Review," the department suggests that modernization is
a must and estimated the cost at updating just the grid of transmission and
distribution lines at $900 billion. Add in updating power plants, and the price
reaches $2 trillion.
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