Despite all the "oh my God! There are more hurricanes than ever" each day on the media, the total ACE (Accumulated Cyclone Energy, total of all storms), which had an updated forecast in early August to be nearly double the long term (30 plus years) average at 200 is decidedly normal today at just over 100. Teddy makes up 1/4 of the year's total as of this morning and most of it's energy has been expended in the open sea. Basically, a tremendous number of small, short lived storms that have had average impact. Other than Teddy which is now a Cat 1 and likely down to a TS within 24 hours, it's looking like the very significant rainfall events along the US Gulf Coast will be the history of this season as the forecasters are seeing the end of the North Atlantic seasonal cycle.
In any case, Teddy is a real threat to Nova Scotia and Newfoundland over the next 36-48 hours. Stay safe Ken.
If you care, ACE is defined as
The measure of total seasonal activity used by NOAA is the Accumulated Cyclone Energy (ACE) index. The ACE index is a wind energy index, defined as the sum of the squares of the maximum sustained surface wind speed (knots) measured every six hours for all named storms while they are at least tropical storm intensity.