🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Hurricane Francine lands in Louisiana, hitting New Orleans with wind and rain

Published 09/11/2024, 06:09 AM
Updated 09/12/2024, 04:21 AM
© Reuters. FILE PHOTO: A composite satellite image shows Tropical Storm Francine intensifying and on track to become a hurricane before its expected landfall on the U.S. Gulf Coast, in the Gulf of Mexico September 10, 2024.    CIRA/NOAA/Handout via REUTERS/File Phot
NG
-

By Ned Randolph

NEW ORLEANS (Reuters) -Hurricane Francine came ashore in southern Louisiana on Wednesday, pounding New Orleans with heavy rains and gusty winds while threatening the wider Gulf Coast with a potentially deadly storm surge that led to evacuation orders for thousands of people.

Francine packed maximum sustained winds of 75 mph (120 kph) after the eye of the storm traveled inland over southern Louisiana and was about 50 miles (80 km) west-southwest of New Orleans, the U.S. National Hurricane Center said.

The hurricane center briefly upgraded the storm from Category 1 to Category 2 on the five-step Saffir-Simpson scale just before it made landfall. Even as a Category 1 storm, its very dangerous winds are capable of producing damage, and the whole of the Gulf Coast in Louisiana and Mississippi was under a warning for storm surge that the hurricane center called life-threatening.

More than 200,000 homes and businesses throughout Louisiana had lost electricity, according to PowerOutage.us.

The iconic French Quarter neighborhood of New Orleans known for its tourist bars and restaurants was locked down with a noticeable police presence and very few pedestrians.

On Bourbon Street, Gina Kralek said she was working at the Clover Grill covering for a pair of co-workers who had evacuated before the storm.

"Normally I evacuate but I've got my three dogs," Kralek said. "Not everyone wants to take me with the dogs."

Louisiana Governor Jeff Landry and U.S. President Joe Biden each declared a state of emergency in anticipation of the storm, freeing up emergency management resources and potential financial aid in the event of serious damage.

More than 78,000 commercial real estate properties worth some $143 billion were in the direct path of the storm, financial researcher Moody's (NYSE:MCO) Ratings said. Those buildings have a greater than 50% chance of getting hit by winds of at least 50 mph (80 kph), the wind speed at which some damage is likely, Moody's said.

Several parishes, or counties, on or near the Louisiana Gulf Coast earlier issued mandatory evacuation orders, and the state transportation department issued evacuation maps. The city of New Orleans distributed sandbags at five sites.

Any major storm near Louisiana evokes memories of Hurricane Katrina, the 2005 storm that devastated New Orleans and surrounding areas, killing nearly 1,400 people and causing $125 billion in damage, according to a 2023 hurricane center report.

Water from Lake Pontchartrain, which borders the city to the north, was starting to churn over its seawall. However since Katrina, the federal government built a $14.5 billion levee protection system, which includes storm water gates that can prevent storm surge into the city's interior drainage canals, which experienced catastrophic failure during Hurricane Katrina.

Grocery stores were boarded up by late afternoon but not before veterans of previous storms loaded up on provisions.

"We're all set. We have our canned goods. Have our supplies," said Steve Rodriguez, who has lived in New Orleans since 1983 and was attempting some additional last-minute shopping.

© Reuters. A man waits to cross Claiborne Avenue in the rain as Hurricane Francine intensified before its expected landfall on the U.S. Gulf Coast, in New Orleans, Louisiana, U.S. September 11, 2024.  REUTERS/Edmund Fountain

The storm already had the effect of disrupting energy production and agricultural exports out of the U.S. Gulf of Mexico.

Nearly 39% of oil and almost half of natural gas production in the U.S. Gulf of Mexico was offline on Wednesday, according to the offshore regulator. A total of 171 production platforms and three rigs had been evacuated.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.