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re: Reasons why Texas power grid failed:

Posted on 2/16/21 at 8:54 pm to
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
68883 posts
Posted on 2/16/21 at 8:54 pm to


It was a black swan event. You could prepare for it but the cost would be more than the customers would be willing to pay.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11298 posts
Posted on 2/16/21 at 9:03 pm to
quote:

It was a black swan event.


One of those terms that's never used correctly. More like a grey swan that's happened plenty of times before it's just improbable. Black swans are something that humans can't preconceive.
Posted by Sid in Lakeshore
Member since Oct 2008
41956 posts
Posted on 2/17/21 at 1:57 am to
quote:

You could prepare for it but the cost would be more than the customers would be willing to pay.



This. The same people in here bitching about this event would be bitching about how Govt fricks everything up and about Govt over reach if they made the "winterizing" packages mandatory. Rate payers would be howling about high energy prices.

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