Everyday Blackouts

Jeffrey Leonard wants to invest in our electric grid:

Today, the average substation transformer in the U.S. is forty-two years old—two years older than its expected life span. A recent Department of Energy report warned that 70 percent of the largest high-voltage power transformers—each weighing up to 800,000 pounds—are more than twenty-five years old, and subject to an increased risk of failure. As of now, replacing one of these enormous transformers, should it be attacked, or simply break down, can take twenty months or longer. Even without any major attacks or breakages, most of the equipment on the grid is already so antiquated that roughly 500,000 Americans lose electricity for at least two hours every single day.