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Factbox-Over 560,000 still without power in Florida after Hurricane Ian

Stock Markets Oct 03, 2022 02:46PM ET
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© Reuters. FILE PHOTO: Downed palm fronds collect on an empty downtown intersection as Hurricane Ian approaches Florida’s Gulf Coast in Sarasota, Florida, U.S. September 28, 2022. REUTERS/Steve Nesius/File Photo
 
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(Reuters) - Over 560,000 homes and businesses were still without power in Florida on Monday, four days after Hurricane Ian crashed across the state on Sept. 28-29.

The death toll from the storm climbed past 80 as embattled residents in Florida and the Carolinas faced a recovery whose costs are expected in the tens of billions of dollars, and some officials faced criticism over their response.

Insurers, meanwhile, were bracing for a hit of up to $57 billion as they try to assess the damage from Ian in Florida and South Carolina, according to risk modeling firm Verisk (NASDAQ:VRSK).

Utilities have restored service to most customers affected by the storm. Ian knocked out power to more than four million customers in Florida.

The storm also left more than 1.1 million homes and businesses without power in North and South Carolina after hitting those states on Sept. 30-Oct. 1. Power has already been restored to customers in the Carolinas.

The utility with the most outages remaining, Florida Power & Light Co (FPL), said it expects complete restoration to 95% of customers who remain without power by Friday, Oct. 7. FPL is a unit of Florida energy company NextEra Energy Inc (NYSE:NEE).

Major outages by utility:

Power Company State/Pro Out Now Customers Served

vince

NextEra - FPL FL 369,100 5,280,000

Lee County Electric Co-op FL 180,700 238,000

Duke - Florida FL 17,200 1,766,000

Total Out 567,000

Source: PowerOutage.us and power companies

Factbox-Over 560,000 still without power in Florida after Hurricane Ian
 

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