Hurricane Michael's energy toll
Hurricane Michael made landfall in Mexico Beach, Fla., as a high-end Category 4 storm early Wednesday afternoon, killing at least two people and causing catastrophic damage.
The big picture: It's the strongest such storm on record to hit the Florida Panhandle and one of the strongest ever to strike the continental U.S. — and it severely impacted Florida's electricity grid and oil production in the Gulf of Mexico.
- It struck with the third-lowest atmospheric pressure of any storm ever to hit the continental U.S. (919 millibars), and was among the five strongest storms by sustained winds at landfall (155 mph).
Electricity losses: As of 6am this morning, there were 359,306 accounts without power, according to Florida state officials.
- Per CNN, add that to losses in Georgia and Alabama, and the total number of customers without power is over 500,000.
Oil-and-gas: Evacuations of Gulf of Mexico oil-and-gas platforms led to 42% of Gulf oil production and 32% of gas production being shut-in as of midday yesterday, according to the Interior Department.
- However, the storm path was east of most offshore energy infrastructure and, as S&P Global Platts noted, that production should be restored pretty fast.