Joe Bastardi from WeatherBell Analytics:
The cold weather's impact on the Electrical Grid - a transcript from the video:
Joe Bastardi: … It’s flowing along right now into the type of El Nino situation that is notorious for giving the United States cold, snowy winters, especially in the eastern part of the United States, relative to the averages. That would be significant because we were within one power plant last year of having the grid overload …
Question: This is sounding horrific. I know that in the first quarter, the weather was said to be to blame for the slow economic growth. Are we going to stop working, basically is what you’re saying?
Joe Bastardi: This year, if you get the kind of winter that we had in 2009-2010 or 2002-2003 with the nation’s grid on the ropes the way it is and some of these regulations that I hear about coming down that are supposed to close plants on January 1st – and what I know, because we’re involved in getting people ready to fight snow in cities around the country – this could be a very, very big economic impact on the winter. And we’re very concerned about that.
About 'the nation's grid on the ropes' comment - from The Daily Caller:
America’s power grid at the limit: The road to electrical blackouts
Americans take electricity for granted. It powers our lights, our computers, our offices, and our industries. But misguided environmental policies are eroding the reliability of our power system.
Last winter, bitterly cold weather placed massive stress on the US electrical system ― and the system almost broke. On January 7 in the midst of the polar vortex, PJM Interconnection, the Regional Transmission Organization serving the heart of America from New Jersey to Illinois, experienced a new all-time peak winter load of almost 142,000 megawatts.
Eight of the top ten of PJM’s all-time winter peaks occurred in January 2014. Heroic efforts by grid operators saved large parts of the nation’s heartland from blackouts during record-cold temperature days. Nicholas Akins, CEO of American Electric Power, stated in Congressional testimony, “This country did not just dodge a bullet ― we dodged a cannon ball.”
Environmental policies established by Congress and the Environmental Protection Agency (EPA) are moving us toward electrical grid failure. The capacity reserve margin for hot or cold weather events is shrinking in many regions. According to Philip Moeller, Commissioner of the Federal Energy Regulatory Commission, “the experience of this past winter indicates that the power grid is now already at the limit.”
Fun times ahead - I would not live on the East Coast these days if you paid me. It was a lot of fun 40 years ago but I am glad I moved West. The infrastructure is a lot less tender.