Warren Buffett’s firm is proposing an $8 billion boondoggle to prevent the next Texas blackout ...Middle East

Quartz - Economy
Warren Buffett’s firm is proposing an $8 billion boondoggle to prevent the next Texas blackout
source : Quartz ( Middle East ) () 15
Two months after snow, ice, and temperatures as low as -6° F left 4 million Texans without electricity, the fight over how to power the state’s future is just heating up. In February, the Texas grid came four minutes away from complete collapse. Half of the state’s electricity generating capacity failed. Coal, nuclear, wind, and solar plants left gaping holes in the state’s energy supply, and natural gas left the biggest: 17,000 megawatts. The outage left at least 100 people dead, and $90 billion in damages. It also sparked interest in building more power plants to guard against the next one. Last week, Warren Buffett’s Berkshire Hathaway Energy subsidiary pitched one of the ambitious propos

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