Power engineering is the oldest and most traditional of the various areas within electrical engineering, yet no other facet of modern technology is currently undergoing a more dramatic revolution in technology or business structure. Perhaps the most fundamental change taking place in the electric utility industry is the move toward a quantitative basis for the management of service reliability. Traditionally, electric utilities achieved satisfactory customer service quality through the use of more or less “one size fits all situations” standards and criteria that experience had shown would lead to no more than an acceptable level of trouble on their system. Tried and true, these methods succeeded in achieving.
