Two winters back Texas plunged into a deep freeze which normally only northerners experience. This winter the cycle repeated. Unfortunately lots of Texans use inefficient electric heat pumps and heating strips for heat. So when Texas goes cold electricity demand skyrockets. It was the late 1990s. Enron was promising cheap electric rates using pixie dust. Large east coast investors demanded that Texas electric generating companies lower generating plant expenses. As punishment these investors threatened Texas providers with connection with the national grid. George W. Bush was Texas governor. Bush avoided this punishment by setting up a system called Electric Regulatory...