In an effort to guard against potential threats such as cyber-attacks, natural disasters, and other physical assaults on power facilities, eight utilities companies are forming a limited liability company to supply emergency equipment to transmission owners.
The new company, Grid Assurance, would own the equipment as well as maintain it at their strategically located warehouses. Although they would not be regulated by the FERC, they have petitioned FERC in an effort to declare that subscribing to its service would be another way for companies to address grid resiliency mandates from the government.
The eight participating companies include affiliates of American Electric Power, Berkshire Hathaway Energy, Duke Energy, Edison International, Eversource Energy, Exelon, Great Plains Energy and Southern Co.
Subscribers will be able to call on equipment when they experience "certain events, such as physical attacks, electromagnetic pulses, solar storms, cyberattacks, earthquakes and severe weather events," the company said.
This decision comes at the same time that the U.S. Department of Energy is considering stockpiling transformers to guard against widespread blackouts.