Much misinformation out there about #Texaspoweroutage, @ERCOT_ISO, wind and solar power, and thermal generators (gas and coal). Let's review what we think we know right now. @TPPF @Life_Powered_ 1/10

Two problems in #Texas, one short term and exacerbated by the long term issue, and one long term. 2/10
The short term failure came at about 1 AM Monday when #ERCOT should have seen the loads soaring due to plummeting temperatures and arranged for more generation. 3/10
Texas came very close to having a system-wide outage for the whole state (ERCOT area, about 85% of the state) due to not arranging for more generation. 4/10
This tripped the grid, knocking some reliable thermal plants (gas and coal) offline. This was a failure of the grid operator (ERCOT) not the power plants. 5/10
In the last 4-5 years, Texas lost a net of 3,000 megawatts of thermal out of a total installed capacity 73,000 megawatts today. We lost the thermal power because operators couldn’t see a return on investment due to be undercut by wind and solar... 6/10
...which is cheap for two reasons – it’s subsidized and it doesn’t have to pay for the costs of grid reliability by purchasing battery farms or contracting with gas peaker plants to produce power when needed, not when they can. 7/10
Meanwhile, Texas has seen a growth of 20,000 megawatts of wind and solar over the same period to 34,000 megawatts of installed capacity (they rarely perform anywhere close to capacity). This subsidized (state and federal) wind and solar have pushed... 8/10
...reliable thermal operators out of business or prevented new generation from being built as operators can’t make money off of the market. This reduced the capacity margin – grids must have excess capacity to ensure stability. 9/10
Texas is experiencing what California has – with California affecting the entire Western Interconnection due to its policies. Blackouts are a feature of the push to have more unreliable renewables on the grid. Must pay $$ for reliable backup w/ renewables 10/10

More from Society

So, as the #MegaMillions jackpot reaches a record $1.6B and #Powerball reaches $620M, here's my advice about how to spend the money in a way that will truly set you, your children and their kids up for life.

Ready?

Create a private foundation and give it all away. 1/

Let's stipulate first that lottery winners often have a hard time. Being publicly identified makes you a target for "friends" and "family" who want your money, as well as for non-family grifters and con men. 2/

The stress can be damaging, even deadly, and Uncle Sam takes his huge cut. Plus, having a big pool of disposable income can be irresistible to people not accustomed to managing wealth.
https://t.co/fiHsuJyZwz 3/

Meanwhile, the private foundation is as close as we come to Downton Abbey and the landed aristocracy in this country. It's a largely untaxed pot of money that grows significantly over time, and those who control them tend to entrench their own privileges and those of their kin. 4

Here's how it works for a big lotto winner:

1. Win the prize.
2. Announce that you are donating it to the YOUR NAME HERE Family Foundation.
3. Receive massive plaudits in the press. You will be a folk hero for this decision.
4. Appoint only trusted friends/family to board. 5/
1/ A thread of comments & observations about the death of the cackling vampire Rush Limbaugh.

My first observations in the main thread are here, but this offshoot is needed because there's been so many wise & witty things I've


2/ First, re: those who in their wayward moral obtuseness feel we "can't speak ill of the dead." I've said that this is what abuse enablers say, but I hear that some religious traditions preach this. Oy.
So there's this: https://t.co/7Ky4RA3nkZ &


3/ Drucker is another great wit, and this carries the proper mood


4/ There's definitely a Jewish Tradition angle for how to treat evil people who die: the only respect is to justice, right & wrong, and above all compassion's existence necessitates condemning cruelty


5/ We're coming up on #Purim, and that's all about how to remember evil. There may be a reason, then, that I share the attitude of many other people committed to righting

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