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WSJ What’s News

America’s Power Grid Is Under Attack

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 22 February 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

P.M. Edition for Feb. 22. A confidential industry analysis viewed by the WSJ shows that physical attacks on the U.S. power grid were up 71% last year, as compared to 2021. Reporter Katherine Blunt, who covers renewables and utilities for the WSJ, joins host Annmarie Fertoli to discuss the analysis, and how experts are responding. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by the journal Sapir, a favorite of business leaders,

0:04.3

policymakers, and philanthropists, edited by Brett Stevens. Join the conversation at Sapir-S-A-P-I-R-Journal.org.

0:19.6

Winter weather grounds hundreds of flights and leaves tens of thousands of U.S. homes without

0:24.5

power. What forecasters expect for Western and Central States and attacks on U.S. power grid

0:30.4

substations are on the rise, according to an industry analysis. It seems as though some of these

0:36.2

incidents are politically motivated in some way. People who have an intent to disrupt the grid with

0:41.3

some sort of an ideological basis for their actions. And it's something that, you know, Department

0:46.8

Homeland Security's and others are watching very closely going into this year. Plus,

0:51.1

Bowlers and Bowling-Ali owners are split on whether a technology update is changing the game.

0:56.6

It's Wednesday, February 22. I'm Amary for Tolley for the Wall Street Journal. This is the PM

1:01.8

edition of What's News, the top headlines and business stories that moved the world today.

1:13.4

Weather advisories have been issued across 20 states spanning from California to Maine,

1:18.1

as a winter storm barrels across Western and Central States in the U.S. The heavy snow and ice

1:23.1

led airlines to cancel more than 1,300 flights as of Wednesday afternoon, according to flight

1:28.4

tracker flight aware. Meanwhile, widespread power outages were reported in California and Arizona.

1:34.1

Forecasters warned that some parts of the Midwest could experience record snowfall.

1:38.4

Find more on this developing story at WSJ.com.

1:42.4

In economic news, the minutes from the Federal Reserve's January meeting released today show

1:47.0

most officials present were in favor of limiting the pace of interest rate increases to only a

1:51.5

quarter percentage point, resulting in the current four and a half to four and three quarter

1:55.9

percent range for the Federal Funds rate. The minutes also suggested an increase of a quarter

2:00.8

point would be likely at the Fed's next meeting on March 21 through 22. However, since last meeting,

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