Power outages from Sandy thwart restoration efforts for Cablevision, Verizon
While Cablevision (NYSE: CVC) and Verizon (NYSE: VZ) said they continue to make progress restoring service to subscribers impacted by Hurricane Sandy, the companies continue to struggle with power outages in New Jersey, New York and Connecticut.
A Verizon technician in Alexandria, Va., works to restore services following Hurricane Sandy. (Image source: Verizon)
Cablevision said Sunday that 861,629 of its Optimum subscribers still don't have electricity. But of the 2.4 million subscribers that do have power, just 13,389 subscribers remain without Optimum service because of storm damage. The MSO, which announced on Friday that it would credit the bills of subscribers for days that they have lost service, said that 42,318 of its Optimum WiFi hotspots were operational as of 2 p.m. on Sunday.
Verizon said that fuel shortages in the New York metropolitan area have also impacted its restoration efforts. "Verizon's command center continues to work with fuel suppliers and federal, state and local government officials to secure the fuel essential to keep generators and service vehicles running so Internet access and voice and data communications can continue to flow," the company said in a statement.
On Sunday, Verizon said that it was able to restore a key facility in lower Manhattan with backup power, adding that it has restored backup power to five of its facilities that provide phone, Internet and TV service for subscribers. Verizon said it restored service for "thousands of customers" in the Mid-Atlantic and Northeast on Saturday, and that it was continuing to make repairs on Sunday.
Look for Cablevision to offer more details about its recovery efforts on Tuesday, when it is scheduled to report third-quarter earnings and hold a conference call with Wall Street analysts.
- see the Verizon release
Special Coverage: Hurricane Sandy's aftermath