I should point out that cold temperatures place a huge demand on the grid because consumers don't want to winterize for the marginal once-a-decade blizzard any more than utilities; around half our homes have relatively inefficient resistance heaters as opposed to furnaces.
We have a lot more growth in the past few years than most other places, both in relative terms, and in absolute (big state + high growth introduces more absolute friction than small state). Demand is forecast to rise over 20% from 2024 levels vs. an American average under 5%: https://www.eia.gov/todayinenergy/images/2025.07.31/main.svg
So no wonder our reserve margins run thinner when we're already having to build at such speed just to keep pace with regular demand.
Texas has been building a ton of wind and solar to supplement generation capacity and is taking some leadership in the next-gen nuclear stuff for a reliable base load, but in the mean time the shortage of CCGTs is going to bite in a state where demand goes up this much, this fast. SB6 passed this summer also should help with reasonable control and oversight.
ERCOT actually does a pretty okay job, all things considered; it's hard to invest heavily in winterization for rare events when you're having to invest heavily in new generation to keep up with steadily increasing baseline load.
I'm going to have to strongly disagree here. It's particularly easy when you have to invest heavily in new generation to keep up with steadily increasing baseline load. Retrofitting winterization is more expensive. If you build in support for winterization when you build the capacity in the first place (which is what happens with sane regulatory oversight), it's all quite inexpensive. It'd be one thing if the cold was a once a century surprise, but when you know you're going to have cold events multiple times over the lifetime of your equipment, it's really easy to do this right.
In PG&E land we have extraordinarily expensive (e.g. hitting over 0.60$/kwh) electricity that has outages more often than Texas.
High prices go hand in hand with low reliability because the same incompetence and corruption results in both.