Privatize the profits, socialize the losses. American late stage capitalism.

1 Like

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 ā€œrecklessā€, ā€œderelictionā€, things like that.

Sounds like Rumsfeld ruminating about known unknowns and unknown unknowns before he resigned in disgrace.

1 Like

Prisons…

Allan

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?

There is a difference. Fukushima actually took some responsibility and took preventive precautions even if they didn’t 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.

1 Like

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.

1 Like

Is it worth digging up Cruz’s tweets about CA during their brownouts? Or have we gone over that already?

Meanwhile, he’s in Cancun.

1 Like

If you hadn’t joined this Forum, we wouldn’t have the benefit of your wisdom. :stuck_out_tongue:

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.

If that’s the case, why didn’t we hear about it happening 8-10 years ago? Oh yeah … because it didn’t.

As inexact as weather forecasting is, climate forecasting is worse. Pretending you know anything at all about the risk assessment is humorous at best.

I can’t argue you there.

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. Didn’t happen. That was 10 years ago.

1 Like

He knows. This has already been covered several times

1 Like

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

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.

It’s not crazy at all to have expected this week to be in the 100’s, according to ERCOT if that were the case we would be in trooooouble.


2800mw to spare statewide, right now.

1 Like

Nothing political from me (for now :sunglasses:). I hope Texas gets through it without issues. Heat without AC means trouble for many people.

1 Like

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.

It’s been in the high 90’s all week here. Pool feels great!

1 Like

Livin’ the Dream :+1:

2 Likes