The citizens of Texas are in a world of hurt right now, and I know how harsh this is going to sound, but they gambled and they lost. Now they are going to expect the rest of the country to send utility crews, food, water and supplies to bail them out because they failed to prepare for an expected event. In 1989 they had a cold snap that caused the electrical grid to falter....They decided winterization was needed but it was optional instead of mandatory, because Texas was proud of its independant heritage. In 2011 another cold snap crippled the grid and another investigation was launched. Believe it or not, they discovered that winterization meausures were needed to ensure power generation during cold spells. Again, they were optional. So here we are in 2021 and their grid is crippled by cold weather....Natural gas supply lines froze and power generating plants had to shut down....for any other industry who supplied a commodity to customers, that would be disasterous!!
But.....Texas power suppliers just raised the price of electriciy by 25,000% and profited as Texans froze. ( Prices rose from $40/megawatt to $9000/megawatt )
Lets hear it for unregulated capitalism!! Are we great yet ?