Public power is so reliable, economists have put a number to it.
Dependable energy from public power providers translates to over $75 million in economic value to public power communities and customers.1
When even the slightest downtime equals real dollars lost, remember:
- Public power providers keep the power on 99.8% of the time.
- North Carolina public power communities experience 40% fewer outages than communities powered by other providers.
- When power does go out, North Carolina public power communities get their power back on three times faster.
What’s more, the city’s electric fund is a reliable, integral, irreplaceable part of a city’s budget. And public power’s financial contributions to state and local governments are 33% higher than those of investor-owned utilities.
1. According to a study by Berkley Lab, Energy Analysis and Environmental Impacts Division.