This Day On The Street
Continue to site
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

Survey Finds Most Power Outages Contain Associated Costs

MILWAUKEE, May 7, 2014 /PRNewswire/ -- Almost 70 percent of U.S. adults who endure a power outage are saddled with subsequent household costs, according to a recent national survey.
Briggs & Stratton Corporation logo.

A Harris Interactive survey sponsored by Briggs & Stratton Corporation (NYSE: BGG) found 69 percent of U.S. adults surveyed, who had experienced an outage for more than 12 hours in the last two years, reported household costs ranging from spoiled food replacement to property damage repair.

"Power outages are sometimes regarded merely as an inconvenience that will be over shortly, but there are a lot of real-world issues that can occur when the power goes out," said Amanda Grandy, marketing manager for Briggs & Stratton. "This survey brings to light the issues that can affect a family when the home goes dark and hopefully gets people thinking about preparing now before the next outage."

According to the survey, 40 percent of respondents who endured an outage in the last two years identified replacing spoiled food as the most common outage-related cost. Supply purchases (e.g. firewood, blankets, candles, flashlights) were made by 29 percent of respondents, followed by portable generator purchases (16 percent), lost wages from work time off (13 percent), property damage (11 percent), and hotel stay during power outage (8 percent) were other outage-related costs reported.

The 11 percent reporting property damage (e.g. sump pump repair, basement flooding clean up and theft) had the highest costs. The group reported an average cost of $1,916. The second highest cost pales in comparison with the 16 percent who purchased a portable generator averaging $650.

"The survey showed the importance having lights on and appliances running properly in your home to ensure your family and home are safe," Grandy said. "Standby generator systems are the best way to prevent power outages from creating unwanted costs."

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs