Almost three years since the deadly Texas blackout of 2021, a panel of judges from the First Court of Appeals in Houston has ruled that big power companies cannot be held liable for failure to provide electricity during the crisis. The reason is Texas’ deregulated energy market.
The decision seems likely to protect the companies from lawsuits filed against them after the blackout. It leaves the families of those who died unsure where next to seek justice.
In February of 2021, a massive cold front descended on Texas, bringing days of ice and snow. The weather increased energy demand and reduced supply by freezing up power generators and the state’s natural gas supply chain. This led to a blackout that left millions of Texans without energy for nearly a week.
The state has said almost 250 people died because of the winter storm and blackout, but some analysts call that a serious undercount.
I presume your post is just informational with a rhetorical question at the end to get people to think.
But if you have any doubts as to why “free market” solutions don’t ever work even remotely as well as theoretical models would suggest in the US, there’s a simple answer that always appends itself before any other legitimate challenges can be honestly addressed.
There are no truly “free market” solutions in the US.
There is no reason for the rulers to allow the politicians to legistate the ability for anyone to threaten their supremacy without Byzantine, unjust, and decidedly non-equitable loops powered by the Establishment powers that the wealthy have captured.