Opinion | The Political Making of a Texas Power Outage

Opinion | The Political Making of a Texas Power Outage
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Why are millions of Americans in the nation’s most energy-rich state without power and heat for days amid extreme winter weather? “The people who have fallen short with regard to the power are the private power generation companies,” Texas Gov. Greg Abbott explained. Ah, yes, blame private power companies . . . that are regulated by government.

The Republican sounds like California’s Democratic Governor Gavin Newsom, who lambasted private utilities for rolling blackouts during a heat wave last summer. Power grids should be able to withstand extreme weather. But in both these bellwether states, state and federal energy policies have created market distortions and reduced grid reliability.

Mr. Abbott blamed his state’s extensive power outages on…



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