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November 9, 2012

Cuomo estimates N.Y. storm damage at $33B

  • The N.Y. governor said the state needs to look at a ground-up redesign of power and fuel supply systems.
    Associated Press

    NEW YORK — Damage in New York state from Superstorm Sandy could total $33 billion when all is said and done, Gov. Andrew Cuomo said Thursday as the state began cleaning up from a nor'easter that dumped snow, brought down power lines and left hundreds of thousands of new customers in darkness.

    A damage forecasting firm had previously estimated that Sandy might have caused between $30 billion and $50 billion in economic losses from the Carolinas to Maine, including property damage, lost business and extra living expenses. Cuomo's estimate will likely push the bill even higher.

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