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Geomagnetic radiation, Solar Storms can cause devestating effects on transformers for an example and a wide range of other electrical and electronics systems.
Please download the 36 page .PDF document "Solar Storm Disaster Preparedness Plan" you may find of interest. The document does make for some very interesting reading about what can happen if there is a devastating Solar Storm, a kind of worst case scenario but one that is very plausable.
May 8, 2009 -- Solar Cycle 24 Prediction Update The Solar Cycle 24 Prediction Panel has reached a consensus decision on the prediction of the next solar cycle (Cycle 24). First, the panel has agreed that solar minimum occurred in December, 2008. This still qualifies as a prediction since the smoothed sunspot number is only valid through September, 2008. The panel has decided that the next solar cycle will be below average in intensity, with a maximum sunspot number of 90. Given the predicted date of solar minimum and the predicted maximum intensity, solar maximum is now expected to occur in May, 2013. Note, this is a consensus opinion, not a unanimous decision. A supermajority of the panel did agree to this prediction.