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Northside Sun
It s an ill wind that blows no good. This ancient saying still holds. The Wall Street Journal reported savvy investors profited from the blast of Arctic air that caused the devastating Texas Valentine s Day freeze. They bet more wind power had made the Texas electric grid less reliable.
So they invested in more reliable natural gas power plants and planned for bad weather. Their plants generated power during the freeze when others didn t. Electricity is very dear - when there s not enough to go around with 10 million customers on rolling blackouts for days. It was a sellers market. It could have been worse for buyers. Texas was minutes away from massive grid failure, a dark start, and weeks without electricity.