Story at a glance
- Millions of Texans remain without electricity or heat.
- The state is seeing unusually cold temperatures.
As Winter Storm Uri holds Texas in a deep freeze, the state’s energy infrastructure has left millions without heat, fostering dangerously cold conditions and, now, a spike in energy prices.
CNN Business reports that electricity prices have jumped by more than 10,000 percent since major snowfall has caused widespread power outages.
State officials have noted that a lack of winterization of the Texas power plants is at least partly at fault for the mass blackouts, despite the state being renowned for its oil reserves.
Historical records say that the lowest temperatures ever witnessed in Texas was -23 degrees Fahrenheit in February of 1899 and again in February of 1933. Later in 1956, February again recorded the greatest amount of monthly snowfall for the Lone Star State, with 36 inches.
READ MORE ABOUT THE TEXAS ENERGY CRISIS