trending Market Intelligence /marketintelligence/en/news-insights/trending/ctcnwprwgjlibwbaajughg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Damage from Hurricane Matthew exceeds Duke Energy Carolinas' expectations

US Pushes Pedal To The Metal On Broadband Speeds Ahead Of COVID-19 Outbreak

Broadband-Only Homes Surge To 25% Of US Households Ahead Of COVID-19 Crisis

Pandemic Causing Wildly Different Outcomes Across Media Sectors

COVID-19’s Impact on the Capital Markets: Identifier Issuance for Municipal Securities Sinks, but Corporate Requests Stable


Damage from Hurricane Matthew exceeds Duke Energy Carolinas' expectations

HurricaneMatthew brought damages that were beyond Duke Energy Carolinas LLC's expectations, with someelectrical systems in need of being rebuilt.

TheDuke Energy Corp. subsidiaryaims to restore power before 11:45 p.m. ET on Oct. 16, for the 660,000 outagesreported. "We are asking folks to be safe and be patient. The sun may beout today, but it doesn't mean everything is ok. We're looking at a long,difficult road to recovery," said Bobby Simpson, Duke Energy's stormdirector, on a statement released 1:06 p.m. ET on Oct. 9.

Asof about 10 a.m. ET on Oct. 10, Duke Energy's outage map forthe Carolinas showed more than 420,000 customers without service.

Meanwhile,affiliate Duke Energy Florida LLCexpected majority of storm-related outages to be restored before midnightSunday, Oct. 9. But it noted that restoration in the most severely impactedareas of Volusia County, Fla., may continue until Oct. 10.

Asof about 10 a.m. ET on Oct. 10, Duke Energy Florida's outage map listedabout 15,000 outages.

subsidiarySouth Carolina Electric & GasCo. reported 114,644 customers without service as of 10a.m. ET on Oct. 10, with the largest numbers in Charleston and Beaufort. Atits peak, the company said it had 290,000 customers without service.

ForFlorida Power & Light Co.,56,670 customers were still without power as of 9 a.m. ET on Oct.10. Most of these customers are in Volusia County and Flagler County. Servicehas been restored to more than 900,000 customers.

FPLinitially expected to finish restoration Oct. 9. It was extended to the end ofOct. 10 due to additional damage to neighborhood lines in the most severelydamaged and flooded areas. "Our crews are squarely focused on the fewremaining customers out of power in the hardest-hit areas of North and CentralFlorida, and we won't stop until the last customer's lights are back on,"FPL President and CEO Eric Silagy said in an Oct. 9 statement.

HurricaneMatthew, which was downgradedto Category 1 on Oct. 8, affected 953,890 FPL customers. The subsidiary serves4,850,160 customers in Florida.

Forother affected utilities, the Public Service Commission of Florida reportedthat as of 5:48 p.m. ET on Oct. 9 there were no outages at and service areas.Customer outages totaled 12,113 outages at cooperatives and 125,458 atmunicipal utilities.

Gulf Power is a SouthernCo. subsidiary and TECO Energy is an subsidiary.

The last publicadvisory for Matthew from the National Hurricane Center on 5 p.m. ET ofOct. 9 noted that the winds were diminishing along the North Carolina coast.The low was expected to be absorbed within a frontal boundary on Oct. 10.