FMP

FMP

Enter

Severe storms earlier this week have left more than 268,000 homes and businesses without power across Texas, Louisiana, and Arkansas as of late Thursday. The nu

Power Outages Persist in Texas, Louisiana, and Arkansas After Severe Storms

-

twitterlinkedinfacebook
blog post cover photo

Image credit: Max Bender

Severe storms earlier this week have left more than 268,000 homes and businesses without power across Texas, Louisiana, and Arkansas as of late Thursday. The number of outages has decreased from a peak of over 939,000 on Tuesday, which affected several states from Texas to Kentucky.

Storm Impact and Casualties

Tornado-spawning thunderstorms swept through the Southern Plains and the Ozark Mountains over the Memorial Day holiday weekend, resulting in at least 21 fatalities across four U.S. states.

Outages by Region

  • Texas: Power company Oncor, a unit of California-based Sempra Energy (NYSE)

    reported the highest number of outages, with over 135,000 customers without power in the Dallas-Fort Worth area

  • Restoration Efforts: Oncor has restored power to over 500,000 customers so far. However, ongoing heavy rain, thunder, lightning, and flooding continue to pose challenges to the restoration efforts in several communities.

Broader Impacts

These severe weather events highlight the vulnerability of infrastructure to extreme weather conditions and the importance of robust disaster preparedness and response strategies.

CTA: For real-time data on power outages, financial impacts, and related economic indicators, visit https://site.financialmodelingprep.com/developer/docs. Leverage our API for comprehensive insights to stay informed and prepared.

Other Blogs

Oct 31, 2023 8:03 AM - Parth Sanghvi

FCFF vs FCFE: What's the Difference?

Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...

blog post title

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep