That’s because there is no effective regulation of the state’s power industry. Since they’re (mostly) isolated from the national grid, they aren’t required to listen to FERC, who told them repeatedly that they should winterize their power plants. And a state-level, the regulators are all chosen by the Governor, who receives huge contributions from the energy industry, so he’s in no rush to force them to pay for improvements.
The real irony was the following summer during a heatwave, when they also experienced blackouts. Texas energy: not designed for extreme cold, not designed for extreme heat. Genius!
I miss the food in Texas, but that’s about it.
Rather, it's the typical Republican approach--reduce costs, never mind the safety systems.