8th Annual Conference for the Organisation of Caribbean Utility Regulators
November 3 - 5, 2010
Ocho Rios, Jamaica
Hurricanes cause billions of dollars worth of damage every year. Beyond the monetary damage, hurricanes damage our sense of security and provoke emotional responses from customers, regulators, and utilities alike. Despite this emotional effect, it is important to exercise good judgment when evaluating policy with regards to storm hardening activities, as poor economic decisions can have implications long after the storms are forgotten.
At the 8th Annual Conference for the Organisation of Caribbean Utility Regulators, PURC Director of Energy Studies Ted Kury discussed his paper on Florida's efforts to quantify the costs and benefits of hurricane hardening activities and the relocation of electric distribution lines underground. He discussed the process initiated by the Florida Public Service Commission after the storm seasons of 2004 and 2005, and the computer simulation model that has resulted from the effort, stressing the importance of coordinated response and evidence-based decision-making.