The Navis Group

Strategic Risk Management

Electric Failure

Consider a scenario in which the power grid covering an area consisting of your state and 8 contiguous states suddenly goes down at 2:30 on a Friday afternoon. Early assessment by the electric company is that power will be restored by Sunday evening. On Sunday afternoon, the estimated restoration time is revised as "Monday - mid-day". In fact, power is not restored until Thursday. For northern institutions, this event occurs during a deep-freeze.

Discussion points should include, but not be limited to:

  • Assessment procedures - each day
  • Facility closure(s)?
  • People issues
  • Security issues
  • Communications - media, customers, employees, etc
  • Re-opening - when, how, etc

 

 

 

 

 

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