The power industry.
You may have noticed that you're reading about blackouts more often. In the past 20 years the
number of major power outages (system failures not due to weather or fires) has
more than doubled in the U.S. In an average year, outages total 92
minutes per year in the Midwest and 214 minutes in the Northeast. Japan,
by contrast, averages only 4 minutes of interrupted service each year. Needless to say, blackouts cost money, between $80 billion and $188
billion from the U.S. economy every year.
This is due, by and large, to the power industry's unwillingness to invest in the grid. Starting in 1995, the amortization and depreciation rate has exceeded
utility construction expenditures. In other words, for the past 15
years, utilities have harvested more than they have planted.
How long do we keep the lights on, roads passable, bridges safe, etc. without investing in our infrastructure?
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