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Technology Stocks : 2000: Y2K Civilized Discussion -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (501)	9/1/1999 3:31:00 PM
From: John Hunt	Read Replies (2) \| Respond to of 662

More Y2K Risks To Ponder There Are Gaps In Our Knowledge Of The Real Y2K Risks Regarding Electricity, Transportation, Chemicals, And Water << INFORMATIONWEEK via NewsEdge Corporation: The year 2000 computer date-field problem has always been about risk management. And just when you think you've got all the risks figured out, you find a few that may have been overlooked. Given the extraordinary efforts by some to put a happy spin on the situation, it's easy to miss things. Your systems may be ready to handle the date switch smoothly, but what happens, for example, if the local electric utility can't supply the power to keep those compliant systems running? Here are some things for companies to consider as they wrap up their Y2K projects, complete their compliance tests, test and validate contingency plans, inspect supply chains, and set up event-management and business-continuity command centers: - Y2K ready doesn't always mean Y2K ready. For example, the executive summary of the North American Electric Reliability Council's Aug. 3 report declares that more than 96% of electric utilities are "Y2K ready." But you'll find in the full report that being ready can simply mean having contingency plans in place in case a system fails. See for yourself at www.nerc.com/~y2k/y2k.html. Of the 251 organizations recognized by the council as being Y2K ready, the report says 63 claim "nonnuclear exception items," meaning they're waiting on parts, testing, a merger, etc. Yet the report says the risk of electrical outages caused by Y2K "appears to be no higher than the risks we already experience." Does your company depend on one of the not-really-compliant 63 utilities? That's difficult to say, because the report doesn't identify them. Also not identified are the 13.4% of 2,012 government-owned electric utilities that did not respond to the survey. "With the Y2K problem," says John Koskinen, chairman of the President's Council on Y2K, "you fear the worst in those areas where there is no information." (Read Koskinen's full statement at www.y2k.gov/new/080399PRLS.htm.) >> ... cont'd at ... newspage.com Hmmm ... Love that quote in bold. Isn't that exactly what he said the US Navy did wrong in their report?