Dave Rice 2:30 p.m., May 22
Power Outage Cost Local Economy $100 Million
The National University System Institute for Policy Research estimates that the power outage of September 8 and 9 conservatively sucked $97 million to $118 million out of the local economy.
The calculation is based on these estimates: length of disruption 13 hours; average length of disruption 9 hours, and number of customers impacted 2 million.
The institute estimates that perishable food losses were $12 million to $18 million; government overtime $10 million to $20 million, and lost productivity about $70 million.
However, many of the productivity losses will be recouped in the future, says the institute.
More like this:
- Owner of Oggi's Pizza and Brewing files class action lawsuit over 2011 blackout — Sept. 9, 2013
- City to spend $7 million to shore up two sewage pump stations that failed during September 2011 blackout — March 18, 2013
- Class-Action Suit Alleges Negligence Caused Blackouts — Sept. 14, 2011
- Green Jobs Outsourced to Mexico — July 14, 2011
- Federal Pay Freeze Could Clip Almost $200 Million Annually from Local Economy — Dec. 1, 2010