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Power/energy: New York City's blackout: A $350 million drain: Ripple effects off the July 13, 1977, lightning stroke cost the public dearly in lost property, services, end income

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The report prepared by Systems Control Inc. of Arlington, VA, on the blackout of 13 July 1977 points out that this estimated cost is really only a lower bound. The looting and arson (defined as an indirect impact) accounted for almost half of the total economic costs associated with the blackout. This fact supports a basic premise of the report: that the indirect impacts must be considered as well as the direct impacts in order to obtain a realistic economic and social cost estimate of the overall effect of power outages.

Published in:

Spectrum, IEEE  (Volume:15 ,  Issue: 11 )