We’ve been lucky thus far this year, writes columnist Erica Grieder. But luck isn’t a...
Homes in the Westbury neighborhood are covered in snow along with the rest of Houston, Monday, Feb. 15, 2021, in Houston.For most Texans, Tuesday was the anniversary of a tragedy-the day it became clear that Winter Storm Uri, which had brought much of the state several days of freezing temperatures,But for the leaders of certain energy companies, Uri wasn’t all bad. “Like hitting the jackpot,” one of them said, notoriously, on a subsequent earnings call.
After setting down his megaphone, Beard explained that he’s worked for over thirty years in the petrochemical industry as well as serving as the CEO of the Port Arthur Community Action Network. Tough, but fair. State leaders, legislators and regulators vowed to fix the grid, in the wake of the disaster. But the reforms they passed to that effect last year were inadequate to allay the anxiety Texans felt this year, understandably. One new law, for example, put new winterization requirements on natural gas companies designated as “critical infrastructure”--while also allowing those companies to simply not seek such a designation in the first place.
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