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Center Point Energy (NYSE: CNP) said on Friday it could take “days” or longer to restore power to customers in Houston and East Texas, where thunderstorms and hurricanes hit areas that killed at least four people; stocks closed +0.4%.
center point (CNP)) said the severe weather caused “extensive damage” to its transmission and distribution system, interrupting power service to nearly 922,000 customers; the utility company serves about 2.6 million customers in the Houston area.
As of Friday morning, more than 785,000 people were without power in the Houston area and another 116,000 were without power in Louisiana, according to reports.
Broken glass, tree limbs and insulation from building interiors littered downtown streets as crews began cleaning up.
Several refineries in Texas reported operational disruptions, including Chevron’s (CVX) 115,000 bpd Pasadena refinery, which suffered minor damage during the storm, Dow Jones reported. damage.
Exxon Mobil (XOM) said earlier on Friday that the storm had no significant impact on its 384,000 b/d Beaumont refinery and 58.8 b/d Baytown refinery.
Valero (VLO) said service at its 240,000 barrels per day (bpd) McKee refinery in the Texas Panhandle was disrupted by a sudden feed outage, requiring gas venting and flaring to minimize emissions.
Phillips 66 (PSX) said its 28.6 b/d Sweeny plant and 15.5 b/d Borger plant in Texas were not affected by the storm.
The status of Marathon Petroleum Corp.’s (MPC) 625,000 b/d refinery in Galveston Bay, Texas, and its 627,000 b/d refinery in Garyville, Louisiana, was unclear.
