UPDATE 6-Outages, floods hit two N.J. refineries; others restart

Tue Oct 30, 2012 5:36pm EDT
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* Phillips 66's 238,000-bpd plant has flooding, power out

* Philadelphia's 330,000-bpd refinery restarting

* Hess 70,000-bpd NJ refinery, Imperial plant suffer outages

* Gulf Coast's Colonial Pipeline without power at NJ pump

* Gasoline futures pare losses as power glitches surface

By Janet McGurty

NEW YORK, Oct 30 (Reuters) - The second-largest refinery on the U.S. East Coast suffered some flooding and a power outage from Hurricane Sandy, and two smaller plants also lost power, as glitches threatened to slow the recovery in fuel supplies disrupted by the massive storm.

While the region's biggest plant, in Philadelphia, and several others were ramping up operations after escaping damage, other facilities, pipelines and terminals were struggling to restore the flow of supplies that had slowed to a trickle.

Phillips 66 said there was "some flooding in low-lying areas" of its 238,000 barrel-per-day Bayway, New Jersey, plant, which was shut on Monday as a precaution. The plant remains closed, the company said, and utility PSE&G said power was likely to be restored no sooner than in 24 to 48 hours.   Continued...