Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Entergy estimates repair costs of up to $2.6 bln from Hurricane Ida

09/21/2021 | 05:33pm EDT

Sept 21 (Reuters) - Entergy Corp said on Tuesday it expects restoration costs for electrical facilities damaged by Hurricane Ida to be between $2.1 billion to $2.6 billion.

The energy company said Hurricane Ida inflicted significant damage to its electric system that resulted in 948,000 outages at its peak.

Most of the storm costs were incurred in Louisiana and New Orleans, Entergy said.

The company said it had restored power to about 932,000 customers or 98% of those affected by the storm.

Ida, one of the most powerful hurricanes ever to strike the U.S. Gulf Coast, hit Louisiana before moving northeast and causing intense flooding that killed dozens in New York and other northeastern states.

Entergy also expects utility revenues in 2021 to be adversely affected due to power outages from the hurricane. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Krishna Chandra Eluri)


© Reuters 2021
Latest news "Economy & Forex"
05:57pRenaissance Insurance offers shares at 120 roubles/piece in Moscow IPO
RE
05:57pProtesters denounce Netflix over Chappelle transgender comments
RE
05:49pQualtrics raises full-year sales forecast above Wall Street expectations
RE
05:49pKinder Morgan profit rises as fuel demand heats up
RE
05:48pFed report shows wage pressures amid 'modest to moderate' economic growth
RE
05:39pUK's National Grid to bring back 500 MW at IFA1 interconnector
RE
05:39pThe WSJ Dollar Index Falls 0.17% to 88.03 -- Data Talk
DJ
05:39pEuro Gains 0.13% to $1.1651 -- Data Talk
DJ
05:39pSterling Gains 0.24% to $1.3825 -- Data Talk
DJ
05:38pDollar Lost 0.03% to 114.32 Yen -- Data Talk
DJ
Latest news "Economy & Forex"