A barge accident that knocked out power lines across the Houston Ship Channel may end up costing as much as $1 billion in shipping delays, the U.S. Coast Guard told The Associated Press on Monday.

On Sunday morning, a tugboat that was towing AEP-owned barges hit an electrical structure in Baytown, Texas, halting shipping traffic along a 4-mile stretch of the channel, according to a Coast Guard statement. CenterPoint Energy (CNP) owns the power lines.

The channel will be closed until at least Tuesday night and almost 30 ships are already waiting to cross, the AP reported. CenterPoint has brought in a crane to repair the damaged electric tower, according to the AP.


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monseigneurdev

Don't worry we're printing 500 more. Hang in there...we'll get it to you by helicopter.

October 05 2010 at 12:00 AM Report abuse rate up rate down Reply
Gg

Surely someone had insurance.

October 04 2010 at 10:07 PM Report abuse +1 rate up rate down Reply