“Power Companies Get Exactly What They Want”: How Texas Repeatedly Failed to Protect Its Power Grid Against Extreme Weather — ProPublica

...under this system, power companies aren't required to produce enough electricity to get the state through crises like the one last week. In fact, they are incentivized to ramp up generation only when dwindling power supplies have driven up prices...

https://www.propublica.org/article/power-companies-get-exactly-what-they-want-how-texas-repeatedly-failed-to-protect-its-power-grid-against-extreme-weather