Comment Re:Reduced revenues != lost profit (Score 1) 280
The problem is that solar won't start off able to deal with 50 year events like utilities used to be capable of handling. I say used to be because these days they can't any more due to cost savings measures they've taken to increase profits.
For example- land lines used to stay on unless the line was cut down. After our last hurricane, the land lines went off after 6 to 24 hours when the batteries at the local substation ran dry--- these days any new lines are fiber optic (no copper- no power) and old lines are being replace.
Likewise- our electrical power used to be back up within a few days after a hurricane. I'm not sure what has changed but it was 2-3 weeks in many areas. I suspect cost cutting there too- less repair supplies kept on hand (don't want all that stuff sitting around causing inventory taxes), fewer staff retained (enough for normal times but no extra capacity), and less proactive tree cutting.
But hit solar with a 5 day storm- people die-- and a five or even seven day backup will come to be normal.