Part 2 of 2. Read Part 1 here. The  revisionist view of the Texas debacle in Part 1 stands as interpretive history, but it emanates from a very different view of the role of regulation and markets in electricity. It not only brings into focus the question of “Why Regulate Utilities?” (Harold Demsetz) but Why … Continue reading The Great Texas Blackout of 2021: Is Planning Necessary?