Washington Post Article: Minnesota gasps at the financial damage it faces from the Texas freeze, 4/22/2021

When that big freeze hit Texas in February, the Lone Star State couldn’t heelp but share its pain.

With its ill-equipped natural gas systems clocked by the cold, Texas’s exports across the Rio Grande froze up and 4.7 million customers in northern Mexico went without electricity — more than in Texas itself. The spot price of gas jumped 30-fold as far west as Southern California. And all the way up by the Canadian border, gas utilities in Minnesota that turned to the daily spot market to meet demand say they had to pay about $800 million more than planned over the course of just five days as the Texas freeze-up pinched off supplies.

Read more https://www.msn.com/en-us/news/us/minnesota-gasps-at-the-financial-damage-it-faces-from-the-texas-freeze/ar-BB1fVlDX?li=BBnb7Kz

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s