Will Texas Have Enough Energy For Summer Heat

Will Texas have enough power during the hot summer months? We endured rolling blackouts during the February deep freeze and even had a problem April 13 after ERCOT issued a notice they were running low on juice. University of Houston energy expert Ed Hirs says the whole system should be re-tooled. He says the market operates like an old-fashioned soviet buying bureau, where there’s only one buyer. It forces the generators which are up and running to bid below their total cost, leaving them with a little incentive. He says fixes like winterization to putting a band-aid on an open wound.