Natural hazards are conditions that will create loss for the industry. These losses come in the form of financial, service, and/or capital asset losses. Utilities manage these risks accordingly and apply mitigation techniques to help prevent them.
Utilities face these hazards on a regular basis. Floods, windstorms, hail, ice storms, wildfires, tornadoes, hurricanes, lightning storms, and significant precipitation days are all examples of events that utilities must prepare for through staff training and mitigation techniques, such as storm hardening.
Earthquakes, volcanoes, and solar storms may not be considered climate related events, however, they are seen as potential hazards and can cause significant loss to utilities.