Posted on Jul 25th 2023
Construction Project Management
The power and gas industry faces a significant challenge: third-party damage to underground and aerial facilities. The estimated national cost of damage to underground utilities estimated by the CGA is over $30 billion annually and that doesn't include aerial damage.
When third-party damage occurs, it can disrupt service to customers, cause costly repairs, and lead to legal liability. In addition, the time and resources required to investigate and recover damages can be significant.
PRG's Outside Plant Damage and Recovery Service can help you recover millions of dollars in damages. Our team of experts has a proven track record of success, and we offer the service at no out-of-pocket cost to the provider.
In one recent case, PRG worked with one of the five largest utilities in the country to improve its outside plant damage recovery program. As a result, the utility saw a 54% increase in captured and invoiced claims and improved the percentage of dollars recovered from 35% to 89%. This led to an additional $50.5 million returned to the client.
PRG can help you in a number of ways, including:
PRG's Outside Plant Damage and Recovery Service is a no-cost, no-risk service. We only collect a fee if we recover damages on your behalf.
PRG would be a valuable resource for any power or gas utility that has been affected by third-party damage. Our team of experts has the experience and knowledge to help you recover the maximum amount of damage repair costs possible.
Learn more about how we can help you protect your assets and recover repair costs.