  This paper reintroduces the notion of resilience in the context of recent
issues originated from climate change triggered events including severe
hurricanes and wildfires. A recent example is PG&E's forced power outage to
contain wildfire risk which led to widespread power disruption. This paper
focuses on answering two questions: who is responsible for resilience? and how
to quantify the monetary value of resilience? To this end, we first provide
preliminary definitions of resilience for power systems. We then investigate
the role of natural hazards, especially wildfire, on power system resilience.
Finally, we will propose a decentralized strategy for a resilient management
system using distributed storage and demand response resources. Our proposed
high fidelity model provides utilities, operators, and policymakers with a
clearer picture for strategic decision making and preventive decisions.
