Now that we've had a month to reflect on the horrible aftermath of hurricane Sandy, one thing is very clear: our nation needs a new power grid.
"I think this storm was a wake up call to government officials and the utilities they regulate all over this country to finally start fixing our aging electrical infrastructure," said Jim Cramer.
One of the reasons why it took days or even weeks for people in New York and New Jersey to get their electricity back is because their power grid was outdated. The equipment should have been replaced ages ago.
And Cramer thinks after Sandy the nation will start to take the issue very seriously.
Of course losing power is inconvenient and it brings business to a screeching halt. The NYSE closed for 2 days. But far more important – the antiquated electrical grid is a security threat.
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"If, God forbid, a terrorist really wanted to do some damage, all they'd have to do is knock out a couple of power substations," reminded Cramer. "Thanks to Sandy we already know that should it happen, all of lower Manhattan would lose power."
However, amid the massive power outages there is a bright spot here - the nation's power grid pain could be your gain.
"That's where Quanta Services comes in," said Cramer.