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.
The Tulsa World reports that 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 at the state-owned utility 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.
No one was injured.
Topics Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
Appetite for Insurance M&A Remains as AI Enters the Chat, Says PwC 
Worker’s Refusal of Light Duty Does Not Have to Relate to Injury, Georgia Court Says 
El Nino Is Here and Scientists Fear It’ll Bring Costly Heat, Floods, Droughts, Fires 
Older, Wealthier Renters Drive Changes in Insurance Needs 
