by Bob Buzzanco
Among the many utterly ridiculous claims made by the Texas GOP and “energy” industry, is that they couldn’t have foreseen a “Black Swan” event like the winter storms in Texas (because the 2011 Super Bowl Stormhttps://www.nytimes.com/2011/02/05/us/05storm.html was so long ago) and it would have been too expensive to weatherize the infrastructure–natural gas, coal, oil, because wind, the scapegoat for Texas politicos right now makes up barely 10 percent of the power grid. So below is some data on just how much the major energy companies in Texas raked in. I guess when you’re making $9-12 billion a year, you can’t afford to plan for a rain, or snowy, day. Maybe a GoFundMe page is in order?
NRG Energy annual/quarterly revenue history and growth rate from 2006 to 2020. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Continue reading “Texas Energy Corporations make billions, but weatherization was too expensive…..”