This initiative would contribute to the development of methods for valuation of societal benefits (including economic, public health, and other societal benefits) of customer and grid-resilience investments, such as microgrids, distributed generation, and storage. As a starting point, this research would include analyses of recent historical weather-related events and other situations (e.g., PSPS events) that have precipitated power outages as a basis for understanding the types of impacts that could be valued in the context of climate resilience by state and local governments. It would also evaluate the distribution of these events among ratepayers, with particular consideration of equity concerns and impacts on Disadvantaged Vulnerable Communities (DVCs), as defined by CPUC for the climate-vulnerability context.