Earlier quoted context omitted.
Solar flares should be a lot lower on the list, as the bulk of the risk can actually be mitigated in the electric grid. Every few years the IEEE publishes an article on the risk solar flares pose to the electric grid, and how it can be mitigated by installing capacitors on the multi-ground neutral. Remember: solar flares induce current in long wires, not short ones, so the risk is not so great to individual electric…
I'm a big proponent of the DOE's suggestion for a national strategic transformer reserve. They estimate $500mil (2017) would cover buying enough redundant transformers to resuscitate the power grid after a nationwide failure. Pre-covid, the typical lead time for a full scale transformer was ~2 years. I'm assuming it would take even longer now. I can't imagine how long it would take to replace our transformers if ~1/4…
Having a full set of spares requires zero re-engineering of the existing grid, and will turn a multi-year grid failure catastrophe into a few days to restore critical components and some weeks of restoring full function.
Since our solid solar observation capabilities now give several days notice before arrival of such storms, some could even be pre-positioned at critical substations.
And you are absolutely correct that the DOD would have very good reason to do this - losing the grid nationwide would be an insane level national security risk.