Blackout costs valued at billions in US impact
New York AP reports the blackout stranded travelers, disrupted factories, and spoiled food with estimates from experts placing total costs around 4 to 6 billion. Analysts say short closures limited effects on manufacturing and retail. merchants faced losses but some winners emerged in generators and online liquidations.
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Kucinich seeks revocation of FirstEnergy operating license
Ohio congressman and presidential hopeful Dennis Kucinich plans to petition the Public Utilities Commission of Ohio to revoke FirstEnergy Corp operating rights in Ohio over what he calls mismanagement and a profit over public interest climate. The move follows last week's blackout affecting about 50 million people from the Midwest to the Northeast and a broad probe into the utility. FirstEnergy faces scrutiny as regulators and a U S Canadian task force investigate the outage while the utility assists investigators and maintains it will await study outcomes.
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