As Texans begin to thaw out from the mid-February freeze that led to widespread outages across the state and left more than four million homes without power, the long-term costs of the electricity crisis are just beginning to come into focus. “For Texans, the situation could go from bad to worse,” said Marcie Zlotnik, former chairman of Houston-based StarTex Power, an electricity retailer. “I’m concerned about increasing power prices, job losses across the industry, and the long-term implications for the market and consumers, who have already suffered through a horrendous ordeal.” Factoring in property damage from burst pipes and lost output from factories and businesses, the storm could be the costliest in Texas history, exceeding the $125 billion financial fallout from Hurricane Harvey. The blackout…View Original Post
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