And, yes, that’s very good with things like cybersecurity,
Unless TX has it’s very own interweb, this is a load of hooey. Republicans just lurve themselves some deregulation, because it translates directly to corporate profits. How can they think they can still fool people with this bullshit?
That guitar is his talisman.
Can FEMA put conditions on use of the money. Their electric system should have to eat the loss when people don’t pay those bills. But I have no real sympathy for them either. They gambled and they lost.
Don’t Mess With Texas!
Unless we screw up bigly.
I wonder if Willie believes he will pass whenever Trigger completely collapses. That puts a lot of pressure on the luthier who works on it. Sort of like My Grandfather’s Clock, except in reverse.
They better not even pick up that much.
People in other States have paid higher rates for years in part to avoid stuff like this.
The savings the people in texas have accrued over the years relative to everyone else puts this firmly in their court to deal with.
If you invested in Gamestop, thinking it would go up, nobody is coming to bail you out of your losses because you made a shitty bet.
Should be the same deal here. Beyond the emergency responses, the finances are their problem to deal with. If they can’t afford to pay it and can’t get it back from the company, then they can declare bankruptcy.
Well, it is Texas.
“When the demand exceeds the supply, the cost that the generators can charge can go from a few thousand to 9,000 megawatts. All of this was foreseeable.”
English, motherfucker. Do you speak it?
Why aren’t we bringing in these micro-nuclear devices that can produce a ton of energy with zero carbon emissions,
And it will be really cheap power if we keep the system totally in-state so we don’t have to comply with those profit killing rules from the Nuclear Regulatory Commission or EPA mandated public health and environmental radiation protection standards.
He may get by with nothing. The Texas calamity was entirely the fault of Texas and the people elected to lead that state. There were some attempts at blame ( Kudlow blamed it on Biden. the Texas GOP on AOC but thise went over like a SNL skit ) and of course there were some hilarious attempts to blame it on The Green New Deal which is not law yet. The Texas GOP’s Blame Game was so bad it made things worse for the Governor and Cruz that most of it has now gone silent. I suspect they’ll let this guy say his piece and remain silent. It’s all they have as they’re virtually defenseless in this thing.
Texas holds the country’s only independent electrical service. Critics of the state’s energy grid say its independence from the rest of the country allowed the state’s infrastructure to bypass federal regulations requiring cold-weather capabilities.
… … …
Bypass regulations, cuz freedumb. Herein lies the crux of da problem. Goobers are all about throwing out regulations cuz freedom of the market solves all. Welp, some regulations are actually useful. Like lane markers on roads and highways showing where we ought to drive to be a tad safer. Speed limits are made for a reason. Food safety. Clean water. Basic stuff. It’s not sexy but it’s damn useful. Bury gas lines to insulate them. “winterize” things that need it because cold weather will come again.
If Texas wants independence then take a vote on it. Only do consider the effects of such a move. Otherwise join the damn country and STFU about it. And when shit hits the fan don’t run to Cancun.
I am so over paying for mess ups by corporations. Why can’t they eat the loss like any other business that screws up? And if I hear ‘too big to fail’ one more time…
Put this squarely on the shoulders of the good people of Texas who continually vote in (Republican) politicians who have no eye on the future, who pander to special interest, and who do not believe in government. These “taxpayers” chose to vote for no income taxes, no interstate utility sharing, no environmental controls, etc. They willingly took advantage of the lower rates that came from an unregulated market - for decades. Now the flip side of that choice is theirs and they want the rest of us to bail them out. I’m sorry, but low interest loans to repair the damage - fine. Pay your electric bills - not a chance. If Texas wants to (and should) use their $10 Billion rainy day fund, go for it. In fact, they should be required to before the rest of us are asked to pony-up. Adult decisions - adult consequences.
You “bypass” regulations when it helps you turn a profit.
Then when your decisions turn around and bite you on the ass, you shout for help.
Privatizing profits, socializing risk.
Addendum: Even libertarians are happy to see the Coast Guard show up with their boat is sinking.
Texas = Vulture Capitalism
California didn’t, PG&E’s liability overhang did.
Nah, there are somethings even a vulture can’t swallow…
That’s it in a nutshell.
A better summation than mine…
Mr. Willoughby’s provider, described in the Times’ article, has a playful sounding name: “Griddy.” Griddy (with the approval of the Texas Utilities Commission) sets its rates based on the wholesale price of electricity, passing that rate on directly to its 29,000 customers. The risky nature of this arrangement is often not clear to consumers, who, as the Times notes, can quickly sign up for service in a few easy steps. And to its credit, Griddy advised Mr. Willoughby and other customers last week to switch to another provider, in light of the massive increases in wholesale prices looming with expected power outages due to the coming winter freeze.
But some people, including Mr. Willoughby, were either unable or unwilling to do that. As a result, many are now being socked with four and five figure bills.