💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

About 239,000 still without power in Puerto Rico days after Fiona

Published 09/29/2022, 08:58 AM
Updated 09/29/2022, 09:00 AM
© Reuters. FILE PHOTO: A man walks through debris in the aftermath of Hurricane Fiona in Guayanilla, Puerto Rico September 19, 2022.  REUTERS/Ricardo Arduengo/File Photo
PWR
-

NEW YORK (Reuters) - An estimated 239,000 homes and businesses were still without power in Puerto Rico on Thursday almost two weeks after Hurricane Fiona hit the island, data showed.

After causing devastation in Puerto Rico and the Dominican Republic, Fiona turned north and slammed into eastern Canada on Sept. 24, leaving more than a third of Nova Scotia without power.

Nova Scotia Power, a unit of Canadian energy company Emera Inc, said about 78,200 customers were still without power there early on Thursday.

Fiona hit Puerto Rico on Sept. 18, knocking out power across the island that is home to about 3.3 million people

PowerOutage.us, which estimates outages based on utility data, said 239,000 customers were without service on Thursday based on information from LUMA Energy, which operates Puerto Rico's grid.

Those numbers were down from 349,000 customers recorded without power a day earlier, suggesting a much faster pace of restoration than when the much bigger Hurricane Maria struck about five years ago.

© Reuters. FILE PHOTO: A man walks through debris in the aftermath of Hurricane Fiona in Guayanilla, Puerto Rico September 19, 2022.  REUTERS/Ricardo Arduengo/File Photo

LUMA Energy said it restored service to 1.178 million customers by early Thursday and expects to have 77%-91% of customers restored by Friday if there is sufficient generation available.

LUMA is a joint venture owned by units of Canadian energy firm ATCO Ltd (50%) and U.S. energy contractor Quanta Services Inc (NYSE:PWR) (50%).

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.