Energy & Science
Texas Deep Freeze Could Cost $90 Billion in Losses, Modeler Says
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Investment and planning could have staved off 90% of damage
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Secondary losses could reach $45 billion as trauma ripples
Texas’s deep freeze and power outages last week could cost as much as $90 billion in losses, and most of it could have been avoided, according to Enki Research disaster modeler Chuck Watson.
Arctic cold brought ice and sub-zero temperatures across Texas, disrupting the state’s grid and its ability to produce electricity. A lack of power meant homes and businesses were left without heat during the coldest days of the season.
