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Texas Power Crisis Moves Into Fourth Day With Millions in Dark

  • Blackouts are expected to last until at least Thursday
  • Oil, gas production have plummeted to historic levels
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Texas Grid Operator Says Outages Could Have Been WorseSource: Bloomberg)
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The crisis that has knocked out power to millions of homes and businesses in Texas and the central U.S. is poised to enter a fourth day, with millions still in the dark.

While Texas’s grid operator was able to restore power to 1.8 million homes Wednesday, 1.2 million remain without electricity, according to a spokesperson. That’s about 3.6 million people based on the size of the average household. Around 43 gigawatts of generation was still offline as of 6 p.m. local time -- enough to power 8.6 million homes.