The current prediction model for Solar Cycle 24 gives a smoothed sunspot number maximum of about 90 at its peak in May of 2013. This current prediction makes this the smallest sunspot cycle in about 100 years.
The resulting low numbers of sunspots do not necessarily mean weaker solar flares, just less of them probably occurring. There is always a chance of an Earth directed X class flare disrupting the power grid and causing damage to communications satellites, but less of a chance of one during a weak solar maximum like this one is shaping up to be.
No way Cycle 24 will get to 90. That is hack Hathaway (and his discredited ‘expert’ solar panel at NASA) figure, but not close to reality. We are likely already past peak, at around a level of 66, and even 90 would be a mediocre cycle. See my post #46 for links.