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The pandemic has forced many asset owners to demand better models and maintenance of their infrastructure assets, giving engineering firms an opportunity to be data curators and analysts for everything from water systems to energy grids, executive says.
San Francisco on June 4 hired a financial advisor as it considers buying distribution assets from the beleaguered utility Pacific Gas & Electric, which filed for voluntary bankruptcy protection in January as it faced more than $30 billion in liabilities stemming from 2017 and 2018 wildfires that burned many thousands of acres and destroyed thousands of structures.
The regional operator of the MidAtlantic power grid has said the closure of three nuclear units totaling 4,048 MW in Ohio and Pennsylvania will not threaten electric reliability, though some transmission projects may need to be accelerated to connect new supply.
Global design-build giant SNC-Lavalin Inc., Montreal, and leading Canadian cybersecurity researcher Carleton University have inked a new R&D deal to thwart attempts to hack power grids.