TEXAS ENERGY BOARD LEADERS RESIGN IN DISGRACE, AND THEY DON’T EVEN LIVE IN STATE!
So you may have heard a little bit about the fact that we all know that the Texas energy grid is a POS. Like, to an epic degree. What you may not realize is it’s an epic POS because it’s exactly what happens when you allow a free market energy system managed by the private sector. As in, they say your power will be cheaper, except when there’s high demand. And oh, we won’t invest in infrastructure unless our profit margins allow. Which is never, of course. Well, the wretched board leaders of the Texas power grid’s operator all resigned. That’s not a total surprise. But what is, is the fact that none of them actually live in Texas!
WRETCHED STATE OF TEXAS WON’T HAVE THESE FAILED PROFITEERS TO KICK AROUND
So the operator of the Texas electric grid is ERCOT. That stands for the Electric Reliability Council of Texas. Sure, it’s in Texas. And it manages electricity. But reliable? Um, no. And it’s (now) former leaders are gone. And by gone, I mean let there be no bygones that these wretched folks are now at home, out of Texas. They include the Board Chairwoman Sally Talberg, Vice Chairman Peter Cramton, Finance and Audit Committee Chairman Terry Bulger, and Human Resources and Governance Committee Chairman Raymond Hepper. Someone else had applied for the 5th board position. But that guy also lives out of state and has withdrawn.
TEXANS BUYING POWER THRU ERCOT PAID AN $28 BILLION EXTRA OVER 20 YEARS
So what’s the big deal? Well, dozens of Texans are dead, for a start. But mostly, just like nearly half the Covid deaths in the US, most of it was preventable. That’s why the word wretched keeps popping up here. But beyond the billions this preventable tragedy in Texas will cost, it has cost Texans even more. An analysis of the market prices for electricity in Texas shows that Texans buying on the free market have spent an extra $28 billion more than they would have otherwise. And that’s just over the last 20 years! See? Wretched.
Hey, we can’t all have kids that force us to go to Cancun. You know, where the grid is better than in Texas?