People "in the direct path of a storm as intense as Hurricane Ida could experience outages for more than three weeks," power company Entergy said.
Ida is expected to pass through oil fields that contribute 17% of the nation's total oil production, which may drastically impact national oil prices in the following week.
The storm could be the first hurricane to slam New England in 30 years and early estimates predict at least $1 billion in damages as it pushes from New York to Maine.
Eversource President and CEO Joe Nolan said as many as 49% of the company's customers in Connecticut could be without power, some for up to ten days.
Lisa Khoury is at the forefront of a proposed class-action lawsuit against Griddy Energy that's seeking $1 billion dollars in damages.
Ted Cruz wants regulators to “act swiftly” on high energy bills from the Texas winter storm. In 2019, however, Cruz lauded Texas for low regulation in its energy sector. In 1999, Texas shifted control of its energy grid to private generators and other groups. Visit the Business section of Insider […]
He praised minimal energy regulation in 2019, but is now changing his tune after Texans received high power bills amid a catastrophic winter storm.
The energy committee at the centre of Texas’ energy crisis is the subject of at least two lawsuits filed Thursday and Friday. The suits, filed in Nueces and Harris Counties, allege ERCOT was aware of the state grid’s shortcomings from previous winter outages. The Harris County lawsuit seeks up to […]
One lawsuit filed in Harris County is seeking up to $10 million in damages from the Electric Reliability Council of Texas, or ERCOT.
Cristian Pavon’s family was left without heat or power during a rare snowstorm this week. The 11-year-old died on Tuesday. His family and authorities suspect the cause was hypothermia. His family was among the millions of people in Texas who lost power this week. Visit Insider’s homepage for more stories. […]
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The storm and power outages that hit Texas this week have disrupted the state's food supply chain. Photos show long lines at stores and food banks.
Power failures have plagued Texas for days after a cold blast overwhelmed the state’s power grid. As of Wednesday, nearly 3 million people were still without power in the state. One couple called the event “horrifying” as they tried to stay warm in their apartment. Visit Insider’s homepage for more […]
A Texas mayor resigned after saying it was people’s own fault if they froze in the deadly storm. Mayor Tim Boyd of Colorado City said not to expect help and “Only the strong will survive.” The storm has been blamed for more than 20 deaths and has cut off power […]
Freezing temperatures have caused severe power loss in Texas. A majority of lost generation has been from fossil fuels, not wind. The main factor, however, is not the source of electricity but the extreme weather. Visit the Business section of Insider for more stories. It’s a powerful image, attracting the […]
Millions still don’t have power in Texas, and Austin power providers have said outages will continue. Austin Energy said that outages will likely extend into Wednesday. The privately owned Electric Reliability Council of Texas has not provided a clear timeline either. Visit Insider’s homepage for more stories. Energy utility services […]