Texas Blackouts Revive Deregulation Debate

For the Texas power industry, this has been a time of soul-searching angst. Three weeks ago, dozens of the state's power generators failed in frigid weather, causing the worst outages in years and spawning multiple investigations. State lawmakers are demanding to know what went wrong.

“Eighty-two units going down is unacceptable,” state Sen. Troy Fraser, R-Horseshoe Bay, said during a hearing last week in which lawmakers grilled regulators and power companies.

The rotating blackouts, which hobbled the state for eight hours on Feb. 2, have called into question one of Texas' most basic tenets: that this state does ...

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