Almost 2.3 mil across Florida offline due to Milton, weakening energy demand, prices

Almost 2.3 million Florida electricity customers remained without service around 3:30 pm ET Oct. 11 in the wake of Hurricane Milton, and utilities warned that repairs could take several days, which would tend to weaken energy demand and prices. “Due to the extensive wind and flood damage, we estimate that power restoration will take at least seven days,” Lakeland Electric…Almost 2.3 million Florida electricity customers remained without service around 3:30 pm ET Oct. 11 in the wake of Hurricane Milton, and utilities warned that repairs could take several days, which would tend to weaken energy demand and prices. “Due to the extensive wind and flood damage, we estimate that power restoration will take at least seven days,” Lakeland Electric…Read More