10 Days of Blackouts Cut to 2 After U.S. Utility Spends Billions

Updated on
  • Smart switches, concrete poles reduced Florida power outages
  • Spending on grid improvements may also boost earnings

Billions of dollars spent on hardening the nation’s power lines are reducing the time it takes to recover from major storms like Hurricane Matthew and throwing growth-starved utilities a lifeline to better earnings.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.