National Grid will have to spend £100 million repairing its services to the East Coast of the US due to the impact of Hurricane Sandy.
The energy distributor said in upstate New York, Rhode Island and Massachusetts service areas, its teams restored power to around 400,000 customers — nearly all of those affected — within three days.
However, the damage was worse on Long Island where more than 1.1 million customers lost power while networks were affected by severe flooding.
National Grid is contracted to work for The Long Island Power Authority in the area, but its £100 million estimate could rise if legal claims are brought against it for any delay in restoring power to this region.
The company said it had sent out nearly 15,000 staff to work on repairing the massive damage caused by wind and flooding.
For the six months to October, National Grid posted a 21% increase in first-half, pre-tax profit to £1.2 billion, boosted by its UK energy network business.
It also added that the impact of Hurricane Irene, which struck the same region in the US last year, cost it £71 million.
