FMP

FMP

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

Nov 22, 2024 5:08 AM - Parth Sanghvi

Fundamental Analysis: Principles, Types, and How to Use It

Fundamental analysis is one of the most essential tools for investors and analysts alike, helping them assess the intrinsic value of a stock, company, or even an entire market. It focuses on the financial health and economic position of a company, often using key data such as earnings, expenses, ass...

blog post title

Dec 17, 2024 8:58 AM - Sanzhi Kobzhan

Examining Tesla’s Financial Health Using FinancialModelingPrep’s Ratios API

Tesla, one of the world’s most talked-about electric vehicle manufacturers, attracts a lot of attention from investors and market watchers. By examining a snapshot of Tesla’s financial ratios—such as those provided by FinancialModelingPrep’s Ratios API—we can get a clearer picture of the company’s f...

blog post title

Dec 22, 2024 7:59 AM - Sanzhi Kobzhan

Two great Software Platform Stocks Similar to Palantir (PLTR)

When it comes to cutting-edge software and data analytics, Palantir Technologies (NYSE: PLTR) is often front and center. But for many investors, it’s important to consider alternative or complementary stocks in the same sector that may offer robust growth potential. As PLTR looks expensive (overvalu...

blog post title