AIG CEO Jes Staley told reporters today that he thinks the state of Michigan has only about 90 days of electricity supply remaining.
He said that the company is working to get as much power back online as possible and that they plan to have the entire state back online by March, as well as the entire country.
Staley also said that his company will be sending its CEO a package of tools and supplies to help make the state’s power restoration easier.
The company is also making preparations to move operations to a new facility in a suburb of Detroit, Staley said.
The news comes as state officials continue to grapple with the state government’s ability to pay for its power restoration efforts.
Last week, Gov.
Rick Snyder declared a state of emergency, saying the state was in the midst of a “catastrophic crisis” caused by an explosion at the facility where AIG is located.
Snyder said that while the company’s work was “not going to be finished for another few weeks,” it is “going to get done.
We’re getting it done.”
Staley said that he would not rule out the possibility of using state funds to assist in the cost of the state-owned facility in the coming months.
But right now, we’re working to make that happen. “
We want to make the best of the situation, and we’ll see how that plays out.
But right now, we’re working to make that happen.
Meanwhile, Stylianides is also encouraging people to “have a good, long weekend” and said that they should be prepared to take a few days off in order to be able to “take advantage of the opportunity” to make some extra cash.
This is a big week for us, so I think we have to be careful that we don’t do anything that we’re not going to have a chance to do,” he told reporters.
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