Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

One million still without power in Puerto Rico after Fiona

Stock Markets Sep 22, 2022 07:12PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: Cars drive under a downed power pole in the aftermath of Hurricane Fiona in Santa Isabel, Puerto Rico September 21, 2022. REUTERS/Ricardo Arduengo/File Photo
 
PWR
-0.37%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

NEW YORK (Reuters) - An estimated 1 million homes and businesses remain without power in Puerto Rico Thursday morning after Hurricane Fiona hit on Sunday, causing an island-wide power outage for its roughly 3.3 million people.

Hurricane Fiona is now heading toward Bermuda and then eastern Canada as a major hurricane with winds of up to 130 miles per hour (215 kilometers per hour). The storm has killed at least eight people.

Fiona hit Puerto Rico five years after Hurricane Maria knocked out all power on the island in 2017.

Poweroutages.com, which estimates power outages based on utility data, said 1.033 million customers were without service early Thursday based on what it called limited information available from LUMA Energy, which operates Puerto Rico's grid.

There were roughly 1.168 million without power early Wednesday out of 1.468 million total customers, according to Poweroutages.com.

That pace of restoration is much faster than after Maria when almost all 1.5 million customers had no power for a week when the now bankrupt Puerto Rico Electric Power Authority (PREPA) was still operating the grid.

It took PREPA about 11 months to restore power to all customers, but Maria was a much more powerful storm than Fiona.

Maria hit Puerto Rico as a Category 4 hurricane with winds of 155 mph, while Fiona hit as a Category 1 storm with winds of 85 mph.

LUMA Energy said late Wednesday that it had restored service to nearly 376,000 customers. LUMA has said "full restoration could take several days."

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%).

PREPA still owns much of Puerto Rico's power infrastructure. LUMA won a contract to operate the grid in 2020 and started managing that system in 2021.

One million still without power in Puerto Rico after Fiona
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
John Hat
John Hat Sep 22, 2022 5:31PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Joe Brandon doesn't care.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email