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Top Areas of Concern for Directors <br /> Risks and threats have emerged to challenge the and General Counsel <br /> phenomenal track record of reliability the industry <br /> has built up over the past 75 years. Denser population <br /> centers appear more vulnerable to seemingly increased Data security 48% <br /> veracity of environmental events. Aging infrastructure, Operational risk 40% <br /> efficiency programs and reduced reserve margins in <br /> many systems make the margin for error smaller. The Company reputation 40% <br /> adoption of greener and more advanced technologies Sec/regulatory compliance 28% <br /> (i.e., smart grid, electric transportation, solar, wind) <br /> poses new and more challenging operational issues. Disaster recovery 27% <br /> The digitization of many of the operating systems has Internal controls 26% <br /> enhanced the threat of cyber attacks. <br /> Weather patterns are becoming more extreme, mostly <br /> due to climate change... resilient grids! <br /> 250 <br /> Floods <br /> - Storms <br /> 200 Earthquakes <br /> - Droughts <br /> Regression lines • Climate change leads to higher temperatures,rising sea <br /> 150 levels and more rainfall <br /> • Increasing number of extreme weather events <br /> 100 101, <br /> • Increasing urbanization and settlement patterns lead to <br /> 0) higher damages <br /> 50 • 2012:US$160 bn damage worldwide(67%in USA) <br /> • <br /> dir <br /> a /.. <br /> 1970 1980 1990 2000 2010 <br /> Figure 1:Number of recorded disasters <br /> Source:EMDAT-CRED,Brussels <br /> KPMG The Agile Utility-Forces at Work Changing the Industry in North America 3 <br /> 101 <br />