Growing Number of US Economists Sound Recession Alarm Bells: ‘Very, Very High Risk’

Blackouts could hit much of America’s Midwest and West this summer, according to a risk assessment from the North American Electric Reliability Corp.

“It’s a pretty sobering report, and it’s clear the risks are spreading,” John Moura, director of reliability assessment and performance analysis for the regulatory body, said in a news briefing, according to Bloomberg.

“I certainly do think it’s our most cautionary tale here,” he said.

One of the issues is that in the rush to shutter plants powered by fossil fuels, ⚡Energy providers have not made up for that capacity loss with other forms of ⚡Energy.

“The pace of our grid transformation is out of sync” with what consumers need, Moura said.

“We see this risk widening, more resources retiring at an accelerated pace,” he said, according to the Washington Examiner.