The recent extreme winter weather is unprecedented in Texas. Records were shattered, and the demands on the power grid were exceptional. When brutal conditions took down about 40% of generation capacity (wind turbines and conventional plants alike), disaster struck. Most people had to deal with power outages (sometimes for days in freezing temperatures) and millions had no water (again for an extended period).
Dr. Perryman describes how winter storm Uri affected the Texas economy and what we have learned in the last year.
Dr. Perryman describes the economic impacts that accompany such an extreme weather event.