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Experts ask, how much is grid resilience worth?

PSE&G, New Jersey's largest utility, which was devastated by Superstorm Sandy's blitzkrieg in 2012, was awarded $1.1 billion in spending authority by regulators to harden its network -- less than one-third of what it requested. The message was clear, said Jorge Cardenas, the utility's vice president for asset management and centralized services. "When you go to regulators with such a big program, you'd better have some numbers behind it that kind of tell them there is something here of value that people will be willing to pay for," Cardenas told an audience at the IEEE Power and Energy Society meeting in Maryland this week.

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