UPDATE: Power has now been restored across Ballarat after a power outage that lasted more than 12 hours.
Powercor restored all the power and repaired the damage power pole about 11am today.
EARLIER: A power pole fire on Drummond Street North last night has left hundreds of homes in Ballarat's CBD without power.
Powercor says it first became aware of the damage to the equipment about 8.45pm, with machinery damaged on Drummond Street North.
It is not know exactly what caused the small fire, although it significantly damaged power equipment.
About 260 customers are currently without power, as crews work to try and replace the equipment.
A Powercor spokesmen said it was hoped the power would return by 11am.