Economic Benefits of Increasing Electric Grid Resilience to Weather Outages, an August 12 report by the White House Council of Economic Advisers and the Department of Energy, found that power outages associated with natural disasters have cost the U.S. economy $18 billion to $33 billion since the 2003 power outage in CT, MA, MI, NJ, NY, OH PA, and VT. The report praised the stimulus allocation of $4.5 billion for smart grid technology.