US Fears Above-Average Hurricane Season: Are Utilities Prepared?
DDominion Energy(D) ZACKS·2024-06-28 21:12

The Atlantic Hurricane season spans from Jun 1 to Nov 30 and brings severe storms, which impact the electric supply infrastructure of the utility companies. Nature’s fury is unpredictable and to reduce the impact of severe weather conditions, utilities have invested millions of dollars in fortifying their infrastructure. For 2024, the National Oceanic and Atmospheric Administration has predicted an 85% chance of an above- normal hurricane season, with 17-25 named storms and eight to 13 hurricanes, including ...