This Week In Utilities: July 14, 2017
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:
NEWS: Utility Dive – Buffett’s Berkshire bids to buy Oncor, bankrupt parent EFH
From the brief: Warren Buffett’s Berkshire Hathaway Energy announced a $9 billion all-cash deal to purchase bankrupt Energy Future Holdings, resulting in the acquisition of its utility subsidiary Oncor. The deal has an enterprise value of about $18 billion, including debt, according to media outlets.
RELATED: New York Times – Elliott Hedge Fund Seeks to Challenge Buffett’s Bid for Energy Company
READ: Bloomberg Politics – Russians Are Suspects in Nuclear Site Hackings, Sources Say
“The mosaic of US electric utilities makes it challenging for governments to mount a unified response to cyberattacks,” says energy thought leader Ernie Moniz on Twitter. “These breaches make plain that foreign actors are looking for ways to exploit US grid vulnerabilities. We saw this coming.”
From the article: “Homeland Security and the FBI sent out a general warning about the cyberattack to utilities and related parties on June 28, though it contained few details or the number of plants affected. The government said it was most concerned about the “persistence” of the attacks on choke points of the U.S. power supply.”
“I believe Bangkokians want to see communication cables disappear from power poles,” says MEA Governor Puapongsakorn.
RELATED: Moving cables underground has been on the docket in Thailand for over a year now, stemming from comments made by Bill Gates after a visit to the SE Asian nation in 2016.
A transformer explosion left 140,000 residents without electricity in LA’s San Fernando Valley.
QUOTE: “…Saturday’s incident is emblematic of the challenges facing the nation’s largest municipal utility as it plays catch-up to update its aging power grid, officials said.”
The Plan: “The utility’s ongoing Power System Reliability Program seeks to upgrade or replace thousands of smaller transformers, power poles, circuit breakers and other equipment.”
READ: India – Experts implore PM to move cables underground
To save the endangered Great Indian Bustard (GIB) birds that fly nearby, wildlife experts are urging Indian government officials, and most recently their PM, to direct initiatives that will protect the GIB that live in sanctuaries near above-ground power cables.
NEWS: Birmingham, United Kingdom – Stratford Road re-opens after severe underground electrical fire
Thanks for catching up with us. See you next week!