Privatize the profits, socialize the losses. American late stage capitalism.
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Utter bollocks. These happen every 8-10 years and will be happening more frequently with climate change. What you call risk assessment is known in industry as ārecklessā, āderelictionā, things like that.
Sounds like Rumsfeld ruminating about known unknowns and unknown unknowns before he resigned in disgrace.
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Tom_Ch
187
The question here is will there be any consequences from this disaster.
- change to energy policy
- improve readiness for extreme weather
- leadership change
or will this be forgotten?
sikofit
188
There is a difference. Fukushima actually took some responsibility and took preventive precautions even if they didnāt prove to be enough. ERCOT just straight up ignored them. It would be an entirely different matter of they had winterized but still got overwhelmed.
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tnt
189
Crazy, right?
And once again, these private unregulated corps got to keep the money in their pocket, and the mess they created will be cleaned up on the dime on the very tax payers suffering from their mismanagement.
Free markets on the way up, socialism on the way down. Every ā ā ā ā ā ā ā time.
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tnt
190
Is it worth digging up Cruzās tweets about CA during their brownouts? Or have we gone over that already?
Meanwhile, heās in Cancun.
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Samm
191
If you hadnāt joined this Forum, we wouldnāt have the benefit of your wisdom. 
Samm
192
Again, ERCOT is a non-profit corporation. Their rates are regulated by the State, which means if their costs are increased, the cost of electricity goes up to cover those costs.
Samm
193
If thatās the case, why didnāt we hear about it happening 8-10 years ago? Oh yeah ⦠because it didnāt.
As inexact as weather forecasting is, climate forecasting is worse. Pretending you know anything at all about the risk assessment is humorous at best.
Samm
194
I canāt argue you there.
Samm
195
They are NOT unregulated. ALL utility companies are regulated.
The Feds wrote a report giving guidelines and recommendations to Texas on winterizing their energy infrastructure in the follow up to that. Didnāt happen. That was 10 years ago.
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sikofit
197
He knows. This has already been covered several times
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Samm
198
A football stadium shedding snow is not the equivalent of the power grid collapsing.
The extreme weather unexpectedly mild temperatures under blue skies continues in Texas, thus bringing out another emergency warning from ERCOT
The Electric Reliability Council of Texas says a large number of power plants are offline, but it could not provide details as to what may be causing the āvery concerningā number of outages. At the same time, the state is experiencing near-record...
If power goes out this week from a regular june week, any company with always on machinery like silicone fabs are going to rightly go apoplectic.
Itās not crazy at all to have expected this week to be in the 100ās, according to ERCOT if that were the case we would be in trooooouble.
2800mw to spare statewide, right now.
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Nothing political from me (for now
). I hope Texas gets through it without issues. Heat without AC means trouble for many people.
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DMK
201
Whole home generators are pretty popular where I live as we are prone to power outages with tropical storms and hurricanes.
Even just getting a portable generator / AC and closing off the room the AC in is is helpful.
Itās been in the high 90ās all week here. Pool feels great!
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