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Correct. And the irony is that for all the dick waving in the article (maybe it makes a point in the paid part) Texas’s grid has suffered multiple energy failu
by addicted 2y ago
Correct.
And the irony is that for all the dick waving in the article (maybe it makes a point in the paid part) Texas’s grid has suffered multiple energy failures over the past decade while Northern California has been pretty stable.
I work with people in Houston and we literally chalk in a good week+ of additional downtime simply because their power is likely gonna be out for that long in a year.
- pfdietz 2y agoOn the other hand, power is considerably cheaper in Texas. The argument that reliability is so important it trumps other considerations is not based on any market test. I remember AT&T using a similar argument to try to justify their monopoly.
- alephnerd 2y agoPower Costs didn't play a role in Chevron's move as I pointed out in my comment. It's not like they're refining oil in Bishop Ranch. If they did, ATT, Bank of America, and Toyota corporate right next door would be pissed. San Ramon is the Bay Area's Teaneck NJ, Yorktown Heights NY, or Brookline MA.
- boxed 2y agoThis article seems like it's about gasoline though, not grid electricity?
- alephnerd 2y agoSan Ramon is the corporate office. There is no industrial activity in San Ramon. Chevron just lost sweetheart tax deals because San Ramon is now Palo Alto level expensive, so the city is self sustaining off of property taxes now, and the new generation of execs at Chevron don't have the same attachment to the Bay Area like those in the Watson era. If the Tri-Valley became it's own county, it would have a GDP per Capita of around $250-300k - a big change from 30-40 years ago when it was cowtown like Tracy is today.
- boxed 2y agoYou must have replied to the wrong comment.