Click here to close now.


News Feed Item

Entergy Urges U.S. Companies to Spend on Safety Amid Growing Weather-Related Risks, an Industrial Info News Alert

NEW ORLEANS, LA -- (Marketwired) -- 04/03/14 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- As the Electric Power Conference & Exhibition winds down on Thursday in New Orleans, we at Industrial Info have had a great time at our Market Outlook sessions and at our networking event on Wednesday, and have enjoyed meeting those who have stopped by our booth. With a combination of large sessions that filled an auditorium, and several breakout sessions covering 10 different tracks from emergency response to environmental compliance, there is a tremendous amount of information flowing from the conference side of the show.

One of this year's keynote speakers was Rod West, executive vice president and chief administrative officer for integrated energy company and electric power provider Entergy Corporation (NYSE:ETR) (New Orleans, Louisiana). West's speech, "Utility Investment Decisions in an Age of Catastrophic Events," focused on an issue that Entergy, which has key assets along the U.S. Gulf Coast region and Northeast, has become all too familiar with in recent years. Disasters such as Superstorm Sandy and hurricanes Katrina, Ike and others have wreaked havoc on the company's facilities.

Avoiding any debate about climate change and weather patterns, West presented the facts, plain and simple: In the 1980s, there was, on average, one weather event exceeding $1 billion in cumulative losses each year in the entire U.S. In the 1990s, this went up to two events per year. In the 2000s, there were an average of five such events per year, and the 2010s has brought an average of about 11 events.

While such incidents are tragedies for those who are directly affected, West noted that the economic consequences in heavily industrialized areas, such as the Gulf Coast, which is prone to hurricanes and an ever-diminishing wetlands area, are devastating to the entire U.S. economy. West noted that the Gulf Coast region is home to almost half of the U.S. refining capacity and $2 trillion of assets. With the current planned construction of LNG, petrochemical, and other facilities, another $1 trillion worth of assets is expected to be added to the region by 2030.

"This is not just a utility issue, it is an economy-wide issue," West said.

On the whole, because of the value of its industrial asset base and the proneness to weather-related incidents, approximately 7% to 8% of investment made in the Gulf Coast region is spent on mitigating losses, most of which are caused by thunderstorms, winds and tornados, as opposed to making other growth investments.

West pointed out that while utilities can play a big part in investing in damage prevention, the problem of weather-related risk mitigation is ultimately one that must be embraced by the entire industrial sector and communities as a whole. West said that following Hurricane Rita in 2005, it took four weeks to restore the transmission infrastructure of the Sabine Cogeneration Power Plant (Orange, Texas), which had been knocked out. The surrounding areas were badly affected; employees at a nearby petrochemical plant were without work for a significant period of time.

Fast-forward three years later to Hurricane Ike, and the power transmission and distribution infrastructure of the Sabine plant held up well in sustained 90-mile-an-hour winds due to the investments made after Rita. However, the petrochemical plant was badly flooded and had ceased operations. People were again forced to stop working, and Entergy was without a customer until repairs could bring the plant back online.

While large risk mitigation projects, such as the restoration of wetlands, are extremely expensive, they are almost certainly worth it. Wetlands act as a first line of defense against flood surges and allow other structures, such as levies, to be the second tier.

"The costs of inaction are far more expensive than the investments we choose to make today," West said. And as continued investment in large-scale industrial projects along the Gulf Coast is set to greatly expand in the coming years, an ounce of prevention should certainly be on the radar for these project owners and the surrounding communities that rely on these facilities for jobs and economic growth.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "Contact Us" page.

Add to Digg Bookmark with Add to Newsvine

Joe Govreau

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at, examined how Docker has evolved into a highly effective tool for application del...
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
Internet of @ThingsExpo, taking place June 7-9, 2016 at Javits Center, New York City and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Y...
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, San...
As organizations shift towards IT-as-a-service models, the need for managing & protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection & E-Discovery of your data - whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company In the past, he was co-founder of social-trading platform Currensee, which...
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, explored the IoT cloud-based platform technologies driving t...
There are over 120 breakout sessions in all, with Keynotes, General Sessions, and Power Panels adding to three days of incredibly rich presentations and content. Join @ThingsExpo conference chair Roger Strukhoff (@IoT2040), June 7-9, 2016 in New York City, for three days of intense 'Internet of Things' discussion and focus, including Big Data's indespensable role in IoT, Smart Grids and Industrial Internet of Things, Wearables and Consumer IoT, as well as (new) IoT's use in Vertical Markets.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.