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This Biennial Report reviews observed industry network reliability trends and associated recommendations for the years of 2008 and 2009. Within this report, a multitude of studies are presented in which representatives from NRSC member companies partnered to address an observed trend or an identified industry need. The resulting analysis and guidance includes insights as to the major cause(s) of a concern and the specific, actionable countermeasures the industry believes would effectively address the issue.