Massive winter storm brings heavy snow, tornadoes in US, knocks out power
Massive winter storm brings heavy snow, tornadoes in US, knocks out power
A powerful winter storm is causing widespread power outages in the eastern US, affecting approximately 811,000 homes and businesses. New York and Pennsylvania have the most significant impact, with over 182,000 power outages each. Gas demand is projected to reach record levels on January 15 and 16, surpassing the current daily record set in December 2022. Despite the storm, spot power and gas prices remain stable, but gas futures have surged by 30% over the past six days.
A powerful winter storm is causing widespread power outages in the eastern US, affecting approximately 811,000 homes and businesses. New York and Pennsylvania have the most significant impact, with over 182,000 power outages each. Gas demand is projected to reach record levels on January 15 and 16, surpassing the current daily record set in December 2022. Despite the storm, spot power and gas prices remain stable, but gas futures have surged by 30% over the past six days.