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submitted 1 year ago by boem@lemmy.world to c/technology@lemmy.world
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[-] IchNichtenLichten@lemmy.world 3 points 1 year ago

Presumably your asshole rep is dead against this kind of thing?

"The gas and electric markets in Texas are lightly regulated and highly competitive, which has pushed companies to deliver energy at the lowest possible cost. But it also means that many companies were ill-prepared when the mercury dropped. To save money, they had skimped on winterizing their equipment. As a result, gas lines across the state—which has about 23 percent of the country’s reserves—quite literally froze. The spot price of natural gas soared to 70-times what it would normally be in Minnesota, and gas utilities paid a hefty premium when they used the daily market to match demand."

https://arstechnica.com/tech-policy/2021/04/houston-based-utility-wants-minnesotans-to-pay-for-texas-deep-freeze-problems/?comments=1&comments-page=1

this post was submitted on 25 Apr 2024
99 points (90.2% liked)

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