JPMorgan Sees US Grid Failures Hitting Poorest Families Hardest

America’s aging grid infrastructure is disproportionately hurting the country’s most vulnerable citizens, according to JPMorgan Chase & Co.

“When new generation and transmission take years longer than necessary to connect, it adds further strain to a system already under stress,” Heather Zichal, the bank’s global head of sustainability, and Michael Johnson, its security and resiliency initiative lead for energy and the US government, said in a note to clients seen by Bloomberg.