2.46 Billion in defaults in Texas and counting

[WillJ8787]

Source:
https://www.foxbusiness.com/energy/...-companies-skip-payments-due-to-grid-operator

What a complete failure of deregulation and open markets if I ever saw one.

Some things need to regulated or this is what happens folks.

 

[BoyNextDoor]

Maybe Texas does not need electricity.

They are rugged individualist s, don't 'cha know

 

[CornusKousa]

Source:
https://www.foxbusiness.com/energy/...-companies-skip-payments-due-to-grid-operator

What a complete failure of deregulation and open markets if I ever saw one.

Some things need to regulated or this is what happens folks.

Nah, a private company is just figuring out that you can't squeeze blood from a stone and that they just aren't going to be able to price gouge what doesn't exist, and they're going to have to just suck it.

Called natural regulation....the magic hand of the market....doing all the regulating that is necessary.