This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Tropical Storm Isaac Has Minimal Effect On Progress Energy Florida's Service Territory

ST. PETERSBURG, Fla., Aug. 27, 2012 /PRNewswire/ --  Tropical Storm Isaac brought gusting wind and heavy rain to the Gulf Coast of Florida, but didn't cause widespread power outages to Progress Energy Florida customers.

As of 11 a.m. Monday, fewer than 1,000 customers in Progress Energy's 35-county service territory were without power. More than 15,000 customers have been restored following repeated waves of heavy rain and high winds in the region. Tropical Storm Isaac's track to the northwest and further into the Gulf of Mexico has helped to mitigate damage in Progress Energy Florida's territory.

"Forecasts show the outer bands of Tropical Storm Isaac will continue to bring rain and wind to the Tampa Bay area today and up through the Panhandle into Wednesday," said Jason Cutliffe, storm director for Progress Energy Florida. "While heavy rainfall and storm surge can cause flooding in low-lying areas, the brunt of the impact will not be seen in Florida. We are releasing hundreds of line workers and tree contractors who came to Florida over the weekend to help ensure adequate resources where it appears Isaac will make landfall." 

About 250 off-system crews secured through the Southeastern Electric Exchange (SEE) will remain in Franklin and Pinellas counties to handle any remaining bands of unstable weather as well as any needs related to the Republican National Convention  under way in the Tampa Bay area. Progress Energy Florida is a member of the SEE, a network of utilities that assist each other during storms or other emergencies.

The utility's storm planning and deployment was also enhanced by Progress Energy's recent merger with Duke Energy. The combined company's size and strength increases Progress Energy Florida's ability to plan for and respond to storms quickly and efficiently.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs