As a historic and potentially catastrophic snow and ice storm hits the southeastern United States, stay with Fox News Channel for the latest developments. We'll keep you updated here with the latest information, including live reports from our Fox News correspondents on the ground.

2:05p ET Update: Take a look at an incredible image, below, out of Chicago, showing the frozen shoreline of Lake Michigan. Meteorologists say more than half of the lake is frozen over.

More than three-quarters of the Great Lakes are frozen over. Experts predict Lake Superior will freeze over entirely before this winter ends. 

2p ET Update: Jonathan Serrie reported the latest details from Atlanta. He said crews have been able to restore power in some areas, just as other areas go dark. Still, about 200,000 outages are estimated in Georgia.

12:30p ET Update: reports that 200,000 customers are without power in Georgia.

11a ET Update: More than 100,000 are without power in Georgia, along with 30,000+ in South Carolina. More than 70,000 of the Georgia outages are in metro Atlanta.

The totals are expected to go much higher in the coming hours. Officials have cautioned residents that they could be without electricity for at least a few days.

More than 1,600 Atlanta-based flights have been canceled today, AP reports. This picture from Twitter shows about five inches of snow and ice on the ground in Athens, Ga.

Officials say travel will be nearly impossible in the worst-hit areas. President Obama has declared a state of emergency in Georgia.

Watch Jonathan Serrie's latest report from Atlanta below:

10:15a ET Update: 79,000 customers in Georgia are without power. Bill Hemmer spoke to Brian Green from Georgia Power about the ongoing effort to restore power as ice accumulates throughout the state. 

“We have crews stationed throughout the state and they are responding to the hardest hit areas and going to do our best to get power on as quickly as we can,” he said.

Click here for more information from the interview. 

9:30a ET Update: Bill Hemmer spoke by phone with Dr. Louis Uccellini of the National Weather Service about what makes this storm so significant. He said the storm could bring three-quarters of an inch to one inch of ice to the area from central Georgia up into North Carolina. Thousands of flights have already been canceled and large-scale power outages are expected.

The storm will then bring snow right up the coast tonight into Thursday.

Watch the interview below:

Below are some tweets and photos from the storm:

Check out some photos from the Atlanta area courtesy of Fox affiliate WAGA: