- The power outage in Michigan affects around 151,203 residences and enterprises.
- Over 102,692 customers in Wisconsin were without electricity by Friday night.
- Airlines halted more than 7,600 flights nationwide on Friday due to severe weather conditions, significantly impacting Chicago’s O’Hare International Airport.
- Republican contenders in the presidential race postponed planned events in Iowa due to similar circumstances.
- The intense weather condition is reminiscent of significant events like the February 2021 power outage and the December 2022 winter storm that almost led to the collapse of power and energy systems in numerous regions across the US.
- The impending storm is seen as a prelude to the coldest weather the nation has experienced since December 2022.
Michigan and Wisconsin experience Power Outages
In Michigan, approximately 151,203 homes and businesses are currently experiencing power outages, according to data compiled from , a website specifically designed for tracking power outages across the U.S.
In comparison, Wisconsin recorded 102,692 customers without power by the time Friday night rolled in.
Disruptions in Air Travel and Political Rallies
Due to the adverse weather conditions causing limited visibility and potent winds, over 7,600 flights across the U.S. were delayed on Friday. Planes at Chicago’s O’Hare International Airport were significantly affected by the grounding flights.
Over in Iowa, Republican presidential candidates opted to postpone their scheduled events in light of the weather situation, just three days short of the state’s caucuses, which play a crucial role in determining party nominees for the November elections.
Extreme Weather and its Effects on Power and Energy Systems
The current extreme weather brings back memories of the 2021 February freeze, which left millions in Texas and other central states without access to power, water, and heat for an extended period. Adding to this is the aftermath of the winter storm in December 2022 – known in the energy industry as Elliott – that almost led to the collapse of the country’s power and energy systems, particularly in the eastern half.
According to data from financial firm LSEG, the coming storm is projected to usher in the chilliest weather the nation has seen since December 2022.
Drastic weather changes such as these could potentially impact the energy market and commodities trading, particularly assets related to power generation and supply.