News Feed Item
Entergy Urges U.S. Companies to Spend on Safety Amid Growing Weather-Related Risks, an Industrial Info News Alert
|By Marketwired .
|April 3, 2014 06:00 AM EDT
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 www.industrialinfo.com "Contact Us" page.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Aug. 27, 2016 08:45 PM EDT Reads: 2,264
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage.
Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Aug. 27, 2016 08:45 PM EDT Reads: 1,753
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time.
In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Aug. 27, 2016 06:15 PM EDT Reads: 707
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 27, 2016 06:00 PM EDT Reads: 3,080
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet.
In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
Aug. 27, 2016 06:00 PM EDT Reads: 716
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes.
In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Aug. 27, 2016 05:15 PM EDT Reads: 1,568
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Aug. 27, 2016 05:00 PM EDT Reads: 1,872
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Aug. 27, 2016 04:45 PM EDT Reads: 1,620
There is growing need for data-driven applications and the need for digital platforms to build these apps.
In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications.
In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Aug. 27, 2016 04:00 PM EDT Reads: 565
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Aug. 27, 2016 03:15 PM EDT Reads: 754
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open.
Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Aug. 27, 2016 02:45 PM EDT Reads: 3,443
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Aug. 27, 2016 12:45 PM EDT Reads: 2,339
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago.
All major researchers estimate there will be tens of billions devices - comp...
Aug. 27, 2016 12:30 PM EDT Reads: 3,613
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data.
In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Aug. 27, 2016 12:00 PM EDT Reads: 519
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Aug. 27, 2016 12:00 PM EDT Reads: 636