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Year 2000 Computing Crisis: Readiness of the Electric Power Industry

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Report Type Reports and Testimonies
Report Date April 6, 1999
Report No. AIMD-99-114
Subject
Summary:

All phases of operations in the electric power industry--from generation to distribution--use control systems and equipment that are vulnerable to Year 2000 failures. Although the electric power industry has reported substantial progress in making its equipment and systems Year 2000 compliant, significant risks remain. In response to an industrywide survey done in November 1998, the nation's electric utilities reported that, on average, they had completed 44 percent of remediation and testing. However, nearly half of the responding organizations said that they did not expect to be Year 2000 ready by the June 1999 industry target date, and about one in six indicated that they would not be ready until the last quarter of 1999--leaving little margin to resolve unexpected problems.

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