Free Republic

The oldest maxim in politics is “follow the money.” That maxim also applies to electric grids. Following the billions of dollars that have been spent on the Texas grid explains why the state continues to have electricity shortages. On Monday, ERCOT, the state’s troubled grid operator, asked Texans to reduce their electricity use. That request came exactly four months after Texas residents were asked to conserve electricity due to a massive winter storm. Before going further, I’ll give you the punchline: As I explained in these pages in April, about $66 billion was spent on wind and solar in Texas...

Utility commission says repricing power markets too difficult, despite recommendation that overcharges during storm be reversed The Public Utility Commission of Texas on Friday signaled it didn’t intend to reverse $16 billion in electric overcharges that an independent market monitor had flagged as stemming from the state’s weeklong blackouts. Commission Chairman Arthur C. D’Andrea said it was too difficult to reprice the energy markets and involved too many uncertainties. “It is impossible to unscramble this sort of egg,” he said. Mr. D’Andrea said there were so many hedges and private transactions outside the view of the commission that taking a...

“Texas is paying the price. I hope they learned a lesson,” Senator Schumer said. “Texas thought it could go it alone,” Senator Schumer declared on the Lower East Side. “Now Texas is paying the price. I hope they learned a lesson." But Democrats never learn their lesson. And they’re never expected to learn. In 2003, New York City’s power went out because of a mistake by an operator in Ohio as part of the second biggest blackout in history which took down the grid in eight states and in Canada. Texas’ decision to go it alone was a whole lot...

Thanks to experience with numerous hurricanes, we were prepared for the Texas power outage and no one slept in the cold at our house. When you are prepared, three days is not that bad.I have lived along the Gulf Coast my entire life, mostly in the Houston Area. I lived and worked in Louisiana when Hurricanes Katrina, Rita, and Gustav slammed into South Louisiana and have learned from my successes and failures and those of my friends.After moving back home to Texas and a long period of relatively quiet storm activity, Hurricane Harvey was a test of different beast until...

About ERCOTThe Electric Reliability Council of Texas (ERCOT) manages the flow of electric power to more than 26 million Texas customers -- representing about 90 percent of the state’s electric load. As the independent system operator for the region, ERCOT schedules power on an electric grid that connects more than 46,500 miles of transmission lines and 680+ generation units. It also performs financial settlement for the competitive wholesale bulk-power market and administers retail switching for 8 million premises in competitive choice areas. ERCOT is a membership-based 501(c)(4) nonprofit corporation, governed by a board of directors and subject to oversight by...

The massive blast of Siberia-like cold that is wreaking havoc across North America is proving that if we humans want to keep surviving frigid winters, we are going to have to keep burning natural gas — and lots of it — for decades to come. That cold reality contradicts the “electrify everything” scenario that’s being promoted by climate change activists, politicians, and academics. They claim that to avert the possibility of catastrophic climate change, we must stop burning hydrocarbons and convert all of our transportation, residential, commercial, and industrial systems so that they are powered solely on electricity, with most...