Texas Governor Urges CenterPoint Actions Over Hurricane Beryl Power Failures; Calls For Probe

RTTNews | 818 hari yang lalu
Texas Governor Urges CenterPoint Actions Over Hurricane Beryl Power Failures; Calls For Probe

(RTTNews) - Texas Governor Greg Abbott, amid the ongoing power failures in the Greater Houston area due to Hurricane Beryl's impact, has demanded that CenterPoint Energy, Inc. take immediate action to improve their hurricane preparation and response efforts.

Noting that millions of Texans have been or were left without electricity for multiple days following Beryl's landfall, Abbott also urged Thomas Gleeson, Chairman, Public Utility Commission or PUC of Texas, to investigate the failure by utility companies in restoring power even after days following the Category 1 Hurricane. The probe will determine the causes of the repeated and ongoing power failures in the area after severe weather events.

Hurricane Beryl, which slammed into Texas last Monday, had knocked out power to nearly 3 million homes and businesses as it toppled trees and nearly 10 transmission lines. The hurricane that killed at least three people were later weakened into a tropical storm and then a tropical depression.

Meanwhile, CenterPoint Energy reportedly said power has been restored to more than 85% of customers, or nearly 1.9 million, who have been without the service since the hurricane. The company remains on track to restore power to nearly 90% of customers on Monday.

During a briefing and press conference, Governor Abbott said, "An issue that we see in the ongoing response to Hurricane Beryl are life-based issues, not because of the hurricane itself, but because of the lack of power supply. The failure of power companies to provide power to their customers is unacceptable. CenterPoint has repeatedly failed to deliver power to its customers."

In order to address current power issues and reduce the possibility of power failures during severe weather event in future, Abbott directed CenterPoint to provide the action plan by July 31, 2024.

They are asked about plans to remove all vegetation that threatens any power line; specify how it will prepare in advance of any tropical storm that enters the Gulf Coast; and to specify action it will take to pre-stage enough linemen and other personnel to be able to immediately respond to any power outages.

If CenterPoint fails to comply, an Executive Order will be issued to impose actions on the company that are geared to keep the power on, he added.

Abbott also discussed Texas' ongoing recovery efforts to provide needed resources and assistance to the impacted Texans and communities. These included generators, tarps, fuel, ready-to-eat meals, water, and ice.

So far, Texas has distributed more than 5.17 million bottles of water, more than 679,600 ready-to-eat meals, and more than 206,300 bags of ice to communities. On July 13, Abbott had announced approval of federal disaster assistance for 17 Texas counties. Further, in his letter to the PUC of Texas, the Texas Governor directed them to investigate how and why some Texas utilities were unable to restore power for days following the hurricane.

According to him, Texas utilities bear the responsibility of ensuring system resiliency in their respective service territories.

While weather-related disasters are outside of human control, their impact to daily lives can be mitigated or alleviated if proper system planning and pre-storm preparations are made, he noted.

Abbott further instructed the PUC to deliver a report on its finding by December 1, to inform the Texas Legislature prior to the 89th Legislative Session.

baca selengkapnya
CenterPoint Energy Reaffirms FY24 Adj. EPS Outlook - Update

CenterPoint Energy Reaffirms FY24 Adj. EPS Outlook - Update

While reporting financial results for the second quarter on Tuesday, CenterPoint Energy Inc. (CNP) reaffirmed its adjusted earnings guidance for the full-year 2024 in the range of $1.61 to $1.63 per share.
RTTNews | 803 hari yang lalu
TSX Up Sharply As Rate Hike Concerns Fade; Aritzia Soars On Earnings Update

TSX Up Sharply As Rate Hike Concerns Fade; Aritzia Soars On Earnings Update

The Canadian market is up firmly in positive territory Friday afternoon, supported by strong gains in technology, materials and consumer discretionary sectors. Energy and financials stocks are also notably higher. Weak Canadian jobs data has raised expectations that the Bank of Canada will not hike interest rates anytime soon.
RTTNews | 1 hari yang lalu
Swiss Market Ends On Bright Note

Swiss Market Ends On Bright Note

The Switzerland stock market closed on a strong note on Friday like several other markets in Europe, as slightly easing geopolitical tensions and a drop in oil prices helped underpin sentiment.
RTTNews | 1 hari yang lalu
European Markets Close Higher For 2nd Straight Session

European Markets Close Higher For 2nd Straight Session

After two successive days of losses, European markets turned in a fine performance on Friday as geopolitical tensions eased after U.S. President Donald Trump said the U.S. will not attack Iran before next month's midterm elections and termed ongoing discussions with Tehran as "productive."
RTTNews | 1 hari yang lalu
U.S. Consumer Sentiment Index Falls More Than Expected In October

U.S. Consumer Sentiment Index Falls More Than Expected In October

Consumer sentiment in the U.S. has deteriorated by more than expected in the month of October, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 46.3 in October from 48.1 in September. Economists had expected the index to dip to 47.6.
RTTNews | 2 hari yang lalu
Delta Stock Drops On Cautious Earnings View In Q4 & FY27 After Weak Q3

Delta Stock Drops On Cautious Earnings View In Q4 & FY27 After Weak Q3

Shares of Delta Air Lines, Inc. were losing around 3 percent in the morning trading on the NYSE after the airline reported weak third-quarter earnings, issued cautious earnings view for the fourth quarter and trimmed fiscal 2027 earnings view amid high fuel cost environment.However, the company projects higher revenues for the fourth quarter, extending the strong third-quarter revenue performance.
RTTNews | 2 hari yang lalu
Canadian Market Likely To Open On Mixed Note

Canadian Market Likely To Open On Mixed Note

It's likely to be a mixed start for stocks on Bay Street on Friday with investors tracking a mixed trend in the commodities markets and reacting to Canadian jobs data for the month of September.
RTTNews | 2 hari yang lalu
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the European session on Friday.
RTTNews | 2 hari yang lalu