In Texas’s Black-Swan Blackout, Everything Went Wrong at Once

By , and | February 17, 2021

  • February 17, 2021 at 4:15 pm
    Rosenblatt says:
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    So it’s not the fault of the non-existent Green New Deal and responsibility should be placed on the leaders of the state?

    • February 18, 2021 at 2:33 am
      okt0ber says:
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      Leaders of the state has fault in this, mainly the fact that the legislature didn’t legally require thermal plants to be winterized. However, after 2011, plants were made aware of their weaknesses and many choose not to act. While the state government may have failed to mandate those actions, I fully hope and expect the civil court system to hold them responsible for their negligence. If PG&E can pay subrogation in the billions of dollars for starting wildfires, I fully expect insurers to explore the possibility of legal negligence by the Texas power generators that had plants taken offline. Especially the same plants that went offline in 2011 for the same reasons. The liability should be proportioned, just like the rolling blackouts have been proportioned across the majority of the state. A significant cause of this situation was the direct result of a failure to prepare for an event that had already happened in 2011, and 1989. You’re negligent if you’re aware of your potential hazards and fail to take action.

      • February 18, 2021 at 8:11 am
        Rosenblatt says:
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        Valid points. Do you think the reason “many choose not to act” was because the state basically allowed those companies to basically roam free and do whatever they wanted knowing there’d be little-to-no repercussions?

        • February 22, 2021 at 1:11 pm
          Caldude says:
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          In an unregulated energy market, capital investment in system/asset improvement are expensive and not viewed positively by shareholders who focus on short-term quarterly gains, not long-term retained earnings.

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