Over 1.3 million in Texas remain without power after Beryl

By Liz Hampton

(Reuters) – More than 1.3 million homes and businesses in Texas remained without power on Thursday, four days after Hurricane Beryl lashed the state with fierce winds and heavy flooding, sparking frustration among residents who were facing extreme heat.

Around 1.1 million of those without power were customers of CenterPoint Energy (NYSE:CNP), the state’s largest provider, data from PowerOutage.us showed.

Although the utility had restored power to 1.16 million customers since the storm, it was facing increased scrutiny over its preparations ahead of Beryl. In a letter to CentrePoint, Congresswoman Sylvia Garcia called the slow restoration of power a public health crisis.

CenterPoint said on Wednesday it expected to restore power to an additional 400,000 customers by Friday and 350,000 customers by Sunday. In total, 2.26 million of is customers lost power in the storm.

“Crews have identified extensive tree damage across the company’s system. Trees across the Greater Houston area were particularly vulnerable due to three unusual years of weather, including significant freezes, drought and heavy rain this past spring,” CenterPoint said in a release.

Temperatures in southeast Texas were expected to be in the low to mid-90 degrees Fahrenheit (low to mid-32 degrees Celsius) on Thursday, with heat indices in the 100s, the National Weather Service said on Thursday.

Damage from Beryl could cost insurers in the United States roughly $2.7 million, catastrophe modeling company Karen Clark & Co said on Thursday.

Beryl, which made landfall as a Category-1 storm early Monday morning, shut major ports along the Gulf Coast and disrupted some refining and production processes, though many had resumed normal operations by Thursday.

The Texas Gulf Coast is home to massive oil and gas processing facilities, as well as export plants and chemical manufacturers. Texas accounts for 40% of U.S. oil output and 20% of the country’s natural gas production.

Freeport LNG, one of the largest liquefied natural gas facilities in the United States, was set to restart operations on Thursday, sources told Reuters earlier this week, after ramping down production for the storm over the weekend.

Operations at the facility would be limited by the port, which continued to operate with restrictions.

Chemical maker Olin (NYSE:OLN) declared a force majeure for some product and aromatic shipments after Beryl caused damage to its Freeport facilities.

This post is originally published on INVESTING.

  • Related Posts

    Russia’s claim of emissions in annexed Ukraine regions draws protests at COP29

    By Valerie Volcovici BAKU, Azerbaijan (Reuters) – Russia has included the territories it occupies in Ukraine in its recent greenhouse gas inventory report to the United Nations, drawing protests from…

    Oil prices settle up 1% at 2-week high as Ukraine war intensifies

    By Scott DiSavino (Reuters) -Oil prices climbed about 1% to a two-week high on Friday as the intensifying war in Ukraine this week boosted the market’s geopolitical risk premium. Brent…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Russia’s claim of emissions in annexed Ukraine regions draws protests at COP29

    • November 23, 2024
    Russia’s claim of emissions in annexed Ukraine regions draws protests at COP29

    Weekly Brief: My Forex Funds Negotiating with CFTC?, Bitcoin Nears $100K, and More

    • November 23, 2024
    Weekly Brief: My Forex Funds Negotiating with CFTC?, Bitcoin Nears $100K, and More

    Oil prices settle up 1% at 2-week high as Ukraine war intensifies

    • November 22, 2024
    Oil prices settle up 1% at 2-week high as Ukraine war intensifies

    COP29 climate summit overruns as $250 billion draft deal stalls

    • November 22, 2024
    COP29 climate summit overruns as $250 billion draft deal stalls

    SEC Fines Webull, Two Broker-Dealers for Compliance Failures

    • November 22, 2024
    SEC Fines Webull, Two Broker-Dealers for Compliance Failures

    SEC Fines Webull, Two Brokers-Dealers for Compliance Failures

    • November 22, 2024
    SEC Fines Webull, Two Brokers-Dealers for Compliance Failures