Enhance Your Hazard Reduction Management Capabilities, Or suffer the fate of this major California utility
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By now, most have learned the fate of Pacific Gas and Electric (PG&E), the California natural gas and electricity utility on the brink of financial ruin. Specifically, PG&E is facing insurance claims on the magnitude of $30 billion, with punitive damages and future claims not out of the question.
Of course, these liabilities stem from the utility’s culpability in starting the devastating Camp Fire in 2018, the deadliest, most destructive wildfire in California state history. And that’s why, the example of PG&E begs a critical question for other utilities: what hazard reduction management measures should you be implementing to avoid PG&E’s fate?
Waiting for PG&E’s final verdict before fully assessing your risk profile? There’s little time for delay. To help, we put together an informative guide to hazard reduction management, which lays out some of the major risks utilities face across the world, as well as smart, hazard reduction management features to consider in order to prevent disruptive incidents and emergencies from affecting your networks, assets, and customers.