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Entergy: Hurricanes Ike, Gustav cost at
least $1 billion
11:01 AM CDT on Tuesday, September 30, 2008
NEW ORLEANS -- Entergy Corporation estimates that damage from hurricanes Ike and Gustav cost the power provider $1 billion to $1.2 billion.
AP
Of Entergy’s six regulated power utilities, Entergy Texas took the most damage during Ike—an estimated $435 million to $510 million. Entergy says that storm cost a total ranging from $525 million to $625 million.
Earlier, Entergy estimated the cost of repairs and restoring electricity following Gustav to range from $500 million to $600
million.
New Orleans-based Entergy also says it expects a yet-to-be determined drop in utility revenue because of the storm outages.
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