This Week in Utilities: August 4
Every Friday, we round up the week’s best reads and most notable events occurring within the utilities and energy industries.
Here’s what you may have missed this week:
We sat down to learn more about our recently hired Director of New Product Development Branko Horvat, an energy industry veteran with experience spanning across many disciplines. In our interview, Branko discusses his background and his agenda in this new role, and offers a prescient vision for the future of electric utilities.
READ: CNN – How a hacker could take down the electric grid
Learn about “CrashOverride”, the malware used in a recent attack on Ukraine’s power grid, and how it could be used “as a blueprint for cyberattacks on energy facilities around the world.”
REPORT: TD World – U.S. Electric Power Industry Supports More Than 7 Million Jobs
Lede: “The electric power industry supports more than 7 million American jobs, equivalent to about 5 percent of all jobs in the United States, according to a detailed analysis of the role that electric companies play in the nation’s labor force and economy.”
NEWS: Daily Energy Insider – PPL Electric Utilities recognizes City of Scranton for streetlight efficiency upgrades
Lede: “PPL Electric Utilities presented William Courtright, the mayor of Scranton, Pennsylvania, with a check for more than $130,000 earlier this week for the rebates earned by the city by installing new energy efficient streetlights.”
READ: America’s Electric Cooperatives – Too Many Close Calls for Linemen
A new “Move Over” law benefiting the safety of linemen has just passed in Iowa, expanding an existing bill signed in 2002. Local electic cooperatives and utilities have joined to create campaigns for the law.
From the article: “To be sure, it’s taken decades for the utility sector to evolve and to incorporate not just today’s science into its business plans but also its cutting-edge technologies. Not just Duke Energy but also American Electric Power and Southern Co. are shedding their older coal units and replacing them with combined-cycle natural gas plants as well as and wind and solar energy.”
Quotable Quote: “’We will need to decrease our carbon footprint over the long-term and we will need to work with our stakeholders to have this happen,’ says Steve Young, chief financial officer for Duke, in a interview with this writer.”
NOVINIUM NEWS: Glen Bertini, CEO – What Novinium Demands/Gives to Our Partners” – The Four Pinciples of Partnership
Each month, our CEO Glen Bertini, pens the Novinium News for our shareholders and employees. Read the latest installment on our blog.
Thanks for catching up with us. See you next week!