Texas Big Freeze Seen Inflicting $50 Billion in Damage: Energy Update

By comparison, Harvey Floods were $19 Billion.

"The sprawling blackouts that plunged Texas into chaos in the midst of an historic cold blast are easing and energy prices are stabilizing but the impact it’s had on vital infrastructure is just being realized.

The Electric Reliability Council of Texas, which manages the grid, said Friday it had no additional outages overnight, although a few generating units went offline. But the winter storms blanketing much of the U.S. in snow and ice could cost the country up to $50 billion in damage and economic loss, according to an estimate from AccuWeather."

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