Value over price: Why total cost to ownership trumps initial capital investment in the utility industry

Total cost of ownership (TCO) is something that financial decision makers in the utility industry should consider when purchasing transformers, circuit breakers, switchgear, and total systems such as substations.

 These decision makers find themselves in the midst of a difficult conundrum: in the wake of the recent financial collapse, limited capital is available to replace aging assets. At the same time, these assets are raising serious concerns about maintenance and reliability.

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