Deadly winter storm exposes deep flaws in the U.S. energy system

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The deep freeze that blanketed most of the U.S. in the past few days killed dozens of people and temporarily plunged millions into darkness.

in the past few days killed dozens of people and temporarily plunged millions into darkness.

The nation’s largest power grid was on the brink of forced rotating outages, while power was knocked out at least briefly to some customers in at least 24 states. Storm-related deaths reached at least 27 in Buffalo, N.Y. On Dec. 23, U.S. natural gas production suffered its worst one-day decline in more than a decade, with roughly 10% of supplies wiped out because of wells freeze-offs. Output was as low as 84.2 billion cubic feet on Saturday, a 16% decline from typical levels, before a slow recovery started, according to BloombergNEF data based on pipeline schedules.Billionaire Phil Anschutz — who owns the Coachella music festival, the Los Angeles Kings hockey team and L.A.'s Crypto.

Supplies from Appalachia to the Tennessee Valley and the Midwest more than halved from typical levels, according to pipeline flow data compiled by BloombergNEF. Issues were exacerbated by mechanical problems at pipeline infrastructure, including at a compressor station in Ohio operated by Enbridge Inc.’s Texas Eastern Transmission Co., which invoked force majeure on some gas supplies.

PJM Interconnection LLC, the largest U.S. grid operator with lines spanning Illinois to New Jersey, declared a rare emergency on Christmas Eve, requiring some of its 65 million customers to curtail demand while warning for the possibility of rotating outages. The grid also appealed to households to conserve over the weekend.

 

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