The Dallas Fed confirms climate-proofing the electrical grid is well worth the cost ...Middle East

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The Dallas Fed confirms climate-proofing the electrical grid is well worth the cost
Texans are still paying for the blackouts caused by a winter storm in February that knocked out power for millions. Last week, electricity prices in the state spiked again as a cold front passed through while half of the state’s power plants remain offline for maintenance.Throughout the crisis, energy economists have been clear: Upgrading the grid for extreme weather is technically easy. Winter storms don’t cause regular blackouts in colder states. But it requires regulators to make a tricky value judgement about how much capital spending to require of electric utilities (costs that will ultimately be passed to customers) in order to avert a disaster that may arrive only once a decade.Is pre

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