The REAL reason so many Texans are without power.

Texas has a deregulated energy market. Many of the "power companies" are little more than energy traders reselling power they buy from the power generators that operate power plants running on natural gas. The cost of natural gas has skyrocketed because of these winter storms travelling so far south. Thus, power is incredibly expensive right now. Millions of Texans have fixed rate power contracts with hundreds of little power companies who do not have the financial resources to buy power right now and resell it to their fixed rate customers at such a huge loss without going bankrupt. Those of us with flexible rate month to month contracts getting service right now will probably get hit with astronomical bills next month. The tide has gone out on the Texas energy marketplace and many so-called power companies are about to be caught without bathing suits on.