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Almost 117,000 homes and businesses were without power Wednesday morning in Texas — mostly in Houston and nearby counties — down from a high of 520,000, according to PowerOutage.US, which tracks utility outages. The blackouts forced Colonial Pipeline Co. early Tuesday to temporarily shut two pipelines, both of which are critical fuel conduits from the U.S. Gulf Coast to the Northeast. Freeport LNG said all three production units at its liquefied natural gas export terminal near Houston were down, likely due to an electricity disruption. While Nicholas mostly bypassed the Gulf of Mexico's oil and natural gas platforms, torrential rains pose a threat to coastal refineries and petrochemical facilities. U.S. benchmark oil futures were trading higher as of Wednesday morning. Nicholas is the Atlantic's 14th storm in 2021. Half of the storms so far have hit the U.S., and Ida was the season's worst, crashing into the Louisiana coastline before devastating New York with rain and floods. On Monday, Sep. 13, AIR Worldwide updated its projected losses from Ida, saying the storm probably caused $20 billion to $30 billion in insured losses. Earlier estimates were around $18 billion. An average Atlantic season produces 14 storms by the time it ends in November, so 2021 is ahead of pace. — With assistance from Sheela Tobben, Yueqi Yang, Sergio Chapa, Lars Paulsson and Will Wade. Related:
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