The Florida Hurricane Catastrophe Fund is expected to have sufficient cash reserves to cover its portion of losses if the preliminary estimates hold steady.
Electric utility company Entergy beat Wall Street estimates for third-quarter profit on Thursday, as lower costs and higher service rates helped counter the impact of unfavorable weather.
As the largest city in Texas, Houston is home to more than 2 million people who occasionally find themselves in the path of destructive tropical cyclones spinning wildly out of the Gulf of Mexico.
Utility firm NextEra Energy's subsidiary, Florida Power & Light Company (FPL), said on Tuesday it has asked for approval of a temporary surcharge on customer bills in 2025 to recover $1.2 billion in ...