Is Texas ready for bad weather this time? Last winter’s big freeze brought down much of the electric grid, leaving over 4.5 million Texans without power,...
Last year’s winter storm caused over 4,000 power outages, leading to 246 deaths and $24 billion in damages.
Generators installed temporary outdoor walls to provide wind breaks. They added heat tracing on water lines and blanket insulation around equipment and more. Regulators required top executives to attest to their readiness. The amount in dispute is relatively small — $21.6 million in penalties stemming from last year’s storm, a time when Vistra said it paid Energy Transfer over $600 million.
, a researcher and energy expert at the University of Texas at Austin. “We haven’t had the time or the push to really fix the fuel side of things.”according to estimates The storm caused insured losses of $10.3 billion, and about 90% of claims had been resolved by July 31,from the Texas Department of Insurance. Combined claims in five North Texas counties topped $3 billion, led by Dallas, Tarrant and Collin.
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