Millions Lose Power in Texas as Freeze Sows Market Chaos

Millions Lose Power in Texas as Freeze Sows Market Chaos

(Bloomberg) — Millions of households in Texas are suffering rolling blackouts for the first time in a decade as an unprecedented Arctic freeze sends temperatures plummeting across much of the U.S., roiling energy markets.

Large swaths of Dallas, Houston and other cities are being plunged into darkness for an hour at a time — and in some cases longer — as surging demand for heat pushes the power grid to the brink. Outages are expected to continue into early Tuesday, grid operators said…


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