A Copper Theft Report from Electrical Safety Foundation International showed that U.S. utilities spent more than $60 million and experienced over 456,000 outage minutes. This report was sponsored by Edison Electric Institute (EEI), National Rural Electric Cooperatives Association (NRECA) and the American Public Power Association (APPA). It also showed that 52 injuries and 35 deaths occurred because of copper theft. With a projected 95 percent of U.S. utilities experiencing some degree of copper theft, it is a big problem.

Copper Value

Copper has increased in open market pricing from $1.75 per pound to $3.50 per pound as recently as April 20. This is a 100 percent increase in price in one year. Copper fluctuates like other commodities such as gold and silver. It was down to about $3.10 per pound this year for a short time. With economic forecasters predicting inflation, it is likely copper will remain high—if not go higher in price during the next year. The thieves will figure this out and become more committed to finding available copper and taking it at increasing risks to themselves and the utilities they steal from. As more copper grounds are stolen, more risk of outages, injuries and lives are likely to occur. However, it is a problem that can be fixed.

Needless to say, copper theft continues to grow and keeping your equipment safe is a high priority. That’s why Redlands Plumbing, Heating, & Air Conditioning offers custom built cages to protect condensers and air conditioning units. These steel cages are a great way to let potential thieves know to stay away.

Be sure to contact Redlands Plumbing, Heating & Air Conditioning for all your service and accessory needs. We provide “Service Worth Bragging About” to the Inland Empire including; Redlands, Yucaipa, Loma Linda, Beaumont, Highland, Riverside, Banning, and Rancho Cucamonga.