Georgia Power, a subsidiary of Southern Co. , said Wednesday that 95% of its customers who were impacted by Hurricane Irma should have power restored by Sunday night. By Tuesday night, 60% of the customers impacted, or about 590,000 customers, had service restored. The Atlanta-based utility said about 360,000 of its customers are currently without power. The company said there have been more than 12,000 cases of individual damage or trouble, which includes broken poles and lines. Southern’s stock, which was inactive in premarket trade, has gained 2.7% so far this month, while the SPDR Utilities Select Sector ETF has lost 0.1% and the S&P 500 has tacked on 1.0%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News