Arguably the most serious threat facing the Texas economy is that of a severe hurricane strike. Government intervention in the windstorm insurance market has put billions of taxpayer dollars at risk on top of the damages to property that would occur.
Fool Me Twice: Why the Texas Grid is Still Vulnerable to Winter Storms | Part 3: How Texas Can Solve Its Winter Reliability Problem
Part 3: How Texas Can Solve Its Winter Reliability Problem Five years after Winter Storm Uri, the ERCOT grid is still not ready for the next major winter storm. The first two installments of this series showed that demand has grown more than 20% since 2021 while firm generation capacity has barely budged, and the...