The Power Is Back On In Texas. Now Comes The Recovery, And It Won’t Be Cheap

A worker fixes a water pipe in Galveston, Texas, on Feb. 19. The power is back on in much of the state, but the Lone Star State now faces the hefty cost of emerging from its devastating storms.

Thomas Shea / AFP via Getty Images

For Texas, it’s looking like a daunting power bill.

The Lone Star State racked up tens of billions of dollars in electricity expenses, as a free-wheeling market design sent prices skyrocketing. It tallied tens of billions more in damage and economic losses from blackouts.

The state could spend years paying down those costs — costs that many experts say were avoidable had Texas taken pre-emptive steps to leave its independent, isolated power system better prepared for this month’s winter storms.