Remember the rolling blackouts? Today, the Senate hauled up the public utilities and several commissions up to testify at the Capitol. We wonder how they’ll explain away our reliance on fossil fuels to carry us through the 21st century:
The storm knocked more than 80 of the state 550 generators offline, according to early explanations, primarily because of frozen or broken equipment, including safety instruments that shut down some of the state’s largest, newest coal-fired plants.
Luminant has reported that the blackouts cost the company $30 million when several of its generating plants broke down, forcing it to buy electricity on the open market, where prices rose from $50 per megawatt-hour to $3,000 .