Drew Campbell, senior editor of Institutional Investing in Infrastructure, recently discussed aspects of the U.S. infrastructure bill with Allan Marks, partner with Milbank, and member of the firm’s global project, energy and infrastructure finance group.
What has been Hurricane Ida’s overall impact on energy infrastructure?
Hurricane Ida came ashore at the end of August 2021 as a Category 4 storm with 150-miles-per-hour (241 kph) winds, 16 years to the day after Hurricane Katrina hit the same part of Louisiana and caused record damage. Ida caused widespread power outages, forced more than 90 percent of the state’s offshore oil and gas installations off line, and damaged power lines and other energy infrastructure across several states. By the time the storm’s remnants crossed the U.S. Southeast and headed out to the Atlantic over New York City’s Tri-State region, massive flooding, high winds and record rainfall had severely disrupted much