It has often been suggested that Texas expand state-controlled gambling to increase state revenue in order to address the funding priorities du jour. For instance, one group suggested that gambling is a good way to “generat[e] more tax revenue for the state” in order to “rectify the anticipated budget imbalance.” However, turning to gambling for more government revenue is wrong on several counts.
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...