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

RTTNews | 104 days ago
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.

read more
Lower Open Predicted For Hong Kong Stock Market

Lower Open Predicted For Hong Kong Stock Market

The Hong Kong stock market opened to the upside again on Friday, one day after ending the two-day winning streak in which it had advanced more than 280 points or 1.4 percent. The Hang Seng Index now sits just beneath the 20,600-point plateau although it's expected to move lower again on Monday.
RTTNews | 4h 11min ago
China Stock Market Expected To Open In The Red On Monday

China Stock Market Expected To Open In The Red On Monday

The China stock market moved higher again on Friday, one day after halting the four-day winning streak in which it had rallied more than 135 points or 4 percent. The Shanghai Composite now sits just beneath the 3,300-point plateau although it's likely to see renewed selling pressure on Monday.
RTTNews | 4h 26min ago
Taiwan Stock Market May Turn Lower Again On Monday.

Taiwan Stock Market May Turn Lower Again On Monday.

The Taiwan stock market on Friday ended the three-day losing streak in which it had dropped almost 350 points or 1.5 percent. The Taiwan Stock Exchange now rests just beneath the 23,350-point plateau although it may head south again on Monday.
RTTNews | 4h 56min ago
Singapore Stock Market May Open Under Pressure Again On Monday

Singapore Stock Market May Open Under Pressure Again On Monday

The Singapore stock market on Friday snapped the modest two-day winning streak in which it had gathered almost 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,590-point plateau and it may tick lower again on Monday.
RTTNews | 5h 26min ago
Malaysia Bourse Tipped To Extend Losing Streak

Malaysia Bourse Tipped To Extend Losing Streak

The Malaysia stock market has moved lower in five straight sessions, slipping almost 30 points or 1.8 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,620-point plateau and it's expected to open under water again on Monday.
RTTNews | 5h 56min ago
South Korea Stock Market May Be Stuck In Neutral

South Korea Stock Market May Be Stuck In Neutral

The South Korea stock market has alternated between positive and negative finishes through the last five trading days since the end of the three-day slide in which it had slumped almost 40 points or 1.6 percent. The KOSPI now sits just above the 2,580-point plateau and it's likely to remain rangebound again on Monday.
RTTNews | 6h 26min ago
Hong Kong Trade Data Due On Monday

Hong Kong Trade Data Due On Monday

Hong Kong will on Monday release September figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.
RTTNews | 6h 58min ago