Bloomberg Features ERG Professor Callaway on Electric Power and Stock Market Crashes
A recent article in Bloomberg News, titled “The Electrical Power Crash Is Just Like a Stock Market Crash,” features ERG associate professor Duncan Callaway. The article discusses the state-wide electrical grid failure in Texas, and how the record cold snap caused plants to fail all at once. Callaway suggests that building more connections between the electricity grid of Texas and the two other man grids that cover the rest of the contiguous 48 states could pose as a potential solution. “If Texas were interconnected with other parts of the U.S., this certainly would not have been as bad,” he states. Read the full article here.