3 ms·
> Kind of like how if anyone in Texas had the good foresight to winterize they could have made a year of profit in a few days. This fundamentally mis-states th
by jhayward 6y ago
> Kind of like how if anyone in Texas had the good foresight to winterize they could have made a year of profit in a few days.
This fundamentally mis-states the situation in Texas during the recent cold catastrophe. Gas suppliers that had winterized had their electricity cut off and could not pressurize their distribution. Generators who had winterized had their gas supply curtailed. And so on.
It was a systemic failure by the PUCT and the RRC, who are the regulators. Ultimately, the Governor who appoints those boards and the Legislature who grants their authorities failed.
It wasn't some yahoo generator too dumb to winterize, although there were plenty who didn't find it financially convenient to do so.