Teflon Texas: How the economy shrugged off one of the worst blackouts ever

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Teflon Texas: How the economy shrugged off one of the worst blackouts ever
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After much of the Texas grid went dark in last year’s winter storm, the state lost over 40,000 jobs, the only month without job growth in 2021. It was one...

Tuesday. “Not just is it a hunk of steel on the ground that could theoretically operate on a hot August day. That’s not good enough anymore.”An October report

The costs to implement seven residential programs over five years would approach $5 billion, the report said, but that’s less than one proposal last year to build back-up generation funded by ratepayers. Big problems emerged during last year’s winter storm, when low gas supplies accounted for 27% of outages. That was second only to outages from freezing.by Bloomberg News — and utilities had to take on massive debts.

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