Officials say the cost of damage from a fire at the Grand River Dam Authority’s main generating facility in Chouteau, Okla., could reach $200 million.
GRDA spokesman Justin Alberty says the July 1 fire’s total cost is expected to be $85 million to $200 million, depending mostly on the cost to rebuild the larger of the two coal-fired units that were affected. According to Alberty, it appears that insurance will cover most of the damage.
Officials believe the fire started after a lightning strike knocked out cooling pumps for one of the units, causing it to overheat and create a friction fire. The fire spread to the roof of the building and caused the other generator to automatically shut down.
Topics Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
Chubb to Acquire MGA Healthy Paws From Aon 
JPMorgan Client Who Lost $50 Million Fortune Faces Court Setback 
Progressive Gains as Drivers Shop Around for Auto Insurance—Again 
Chubb Wins Latest Battle With New York Diocese in Bid to Avoid Sex Abuse Claims From This Issue
