• Texas power prices soared 20,000% Wednesday evening amid another brutal heat wave.

  • Spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.

  • The state's grid operator issued its second-highest energy emergency, then later said conditions returned to normal.

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[–] 47 points 2 years ago (1 child)

I'm with the commies on this one. We need to nationalize utilities like energy distribution. No reason to have a profit seeking entity in charge of necessities like electricity.

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  • [–] 11 points 2 years ago* (2 children)

    In sane parts of the US, utility companies are technically private entities, but they're related so much they pretty much operate like government agencies.

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  • [–] 12 points 2 years ago (1 child)

    The big difference being a drive toward profit. Nationalizing energy production and distribution would be a slam dunk for everyone except the people at the top of these energy companies and their shareholders.

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  • [–] 3 points 2 years ago

    Take a look at how the Georgia Public Service Commission is regulating the finances of the new nuclear reactors (Plant Vogtle 3 and 4) and then try to keep a straight face and tell me it's working.

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