Last week Texas experienced a historic winter storm knocking out the power of 4 million, leaving around 70 dead, and costing Texans at least $21 billion in damages. As energy demand rose, the supply of energy fell due to outdated power generators failing, which ultimately deprived the power grid of energy. ERCOT and CenterPoint ignored recommendations in 2001 to winterize their equipment, resulting in rolling blackouts and freezing homes across Texas.
