“The ineptness and disregard for common-sense utility regulation in Texas makes my blood boil and keeps me up at night,” Katie Sieben, chairwoman of the Minnesota Public Utility Commission, said in an interview. “It is maddening and outrageous and completely inexcusable that Texas’s lack of sound utility regulation is having this impact on the rest of the country.”
Texas’s independent power grid was crippled under high demand and damaging weather after a historic cold snap hit the U.S. over Presidents’ Day weekend. (John Farrell/The Washington Post)
The Texas market is so large — second only to California’s — and its natural gas industry is so predominant that when things go wrong there, the impacts can be felt across the country. And in a state that eschews regulation, driving energy producers to cut costs as deeply as they can to remain competitive, things went spectacularly wrong the week of Valentine’s Day.