Utilities
The local electric utility Entergy Corporation was impacted severely, and Entergy New Orleans filed for bankruptcy protection on September 23, 2005. The company cited lower revenue and storm restoration costs as the primary cause. Parent company Entergy Corporation promptly arranged $100 million in financing.
Read more about this topic: Economic Effects Of Hurricane Katrina
Famous quotes containing the word utilities:
“Flowers ... are a proud assertion that a ray of beauty outvalues all the utilities of the world.”
—Ralph Waldo Emerson (1803–1882)
“Flowers and fruits are always fit presents; flowers, because they are a proud assertion that a ray of beauty outvalues all of the utilities of the world. These gay natures contrast with the somewhat stern countenance of ordinary nature: they are like music heard out of a work-house.”
—Ralph Waldo Emerson (1803–1882)