Emergency management teams and utilities along the East Coast are bracing for what could be a $1 billion punch as Hurricane Sandys 100 mph winds barrel toward the heavily populated region between the Carolina coast and Cape Cod.The Category 2 storm, which has killed two in the Caribbean as it swept through Cuba and blew toward the Bahamas, may combine with other, rain-heavy weather systems to create what meteorologists are calling a “perfect storm” that could wreak havoc from North Carolina to Massachusetts early next week. Sandy will likely maintain its hurricane status as it passes over the Bahamas later Thursday and may bring tropical storm conditions along Florida’s southeastern coast by early Friday.“We are taking the forecast seriously.”- Laura Southard, Virginia Department of Emergency ManagementJeff Masters, a meteorologist for Weather Underground, called the hurricane a “perfect storm,” and predicted early next week that it could cause $1 billion or more in damage.In Virginia, where the storm may make landfall as early as this weekend, officials from the state’s Department of Emergency Management are advising residents to make preparations in advance and to closely watch local forecasts.“We are taking the forecast seriously,” VDEM spokeswoman Laura Southard told FoxNews.com. “We are in close contact with the National Weather Service and the National Hurricane Center, so we’re getting the best information we can.”Residents in the storm’s expected path, Southard said, should have a three days’ supply of water on hand, or one gallon per person per day, enough for drinking, cooking and some bathing.“They should have at least a 3-day supply and food that doesn’t need electricity to prepare it,” she said.To combat extended power outages, Southard suggested residents purchase battery-powered radios and extra batteries.“Pay attention,” she said. “Expect that there’s going to be some effect and go ahead and make some preparations.”Southard said state officials likely will add more employees at its emergency center in Richmond beginning on Saturday.“It looks like things are coming together,” she said. “And it never, ever hurts to be prepared.”In New York, Consolidated Edison is warning its 9 million customers in Westchester County and New York City to stay away from any downed power lines if and when the storm strikes the Empire State.“Treat any downed line as if it’s alive,” Con Ed spokesman Christ Olert told FoxNews.com. “Stay away.”Olert advised residents to charge portable devices in advance and to have extra batteries on hand in the event of outages.“We’re watching it and we’ll be prepared,” Con Ed spokesman Chris Olert told FoxNews.com. “We’ll have extra crews available and, if need be, we’ll go to 12-hour shifts.”The U.S. National Hurricane Center said Sandy emerged off Cubas coast early Thursday and was moving north at 18 mph with maximum sustained winds of 105 mph. It was expected to remain a hurricane as it moves through the Bahamas. A tropical storm warning has been extended northward as far as Flagler Beach and a tropical storm watch was issued for the northeastern Florida coast.”Itll be a rough couple days from Hatteras up to Cape Cod,” said forecaster Jim Cisco of the National Oceanic and Atmospheric Administration prediction center in College Park, Maryland. “We dont have many modern precedents for what the models are suggesting.”White House officials, meanwhile, said President Obama has been briefed on Hurricane Sandy and urged people within the storm’s projected path to monitor local weather reports. Federal emergency management officials have been working with local authorities to prepare, spokesman Jay Carney said Thursday.

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