Two Men Who Saw the Storm Coming and Sold Their Electric Companies Before Disaster Hit
Ambit s Jere Thompson and Stream s Rob Snyder determined the system was set up to fail.
By Matt Goodman
Published in
FrontBurner
February 26, 2021
10:41 am
State lawmakers in Austin spent all of Thursday grilling the people responsible for keeping the power on in Texas. They want to know where and how the system broke down last week. But it really isn’t all that hard to figure out. Two former CEOs in Dallas saw this coming years ago, which is why they sold their companies. They’d separately come to the same conclusion: if something like last week occurred, it would put them out of business. One of those CEOs believed a disaster was likely, if not imminent.