Regulators to Review Market Design and Reliability Following 2021 Polar Vortex
Posted on: February 18, 2021 By: Catherine McCarthy, Michael Brooks, Stephen Hug, Taylor Stuart, Craig Jones, Jasmine Lee
Background Over Presidents’ Day weekend 2021, an unprecedented cold weather event hit the Midwest and South central United States. The storm led to major disruptions to infrastructure throughout the region, including icy road conditions, frozen pipes, and an estimated 3 million Texans still without power. [1] This is the result of a confluence of circumstances, including but not limited to frigid temperatures freezing generation and transmission equipment, shortages in natural gas supply and energy demand greatly exceeding supply, and Texas’ practice of operating separately from the rest of...