Earlier quoted context omitted.
> All of these technologies can and do work well in very cold climates. The technologies can work, but only if measures are taken to make them work that way, and those measures are expensive. Texas' grid, like most of the nation's grid, is optimized to keep prices low for consumers and profits steady for generators and distributors, and it's worked amazingly well at that. But "running lean" is great and everyone wins…
They aren’t that expensive, seeing as probably most states can operate their power grid at reasonable cost at these temperatures. They definitely aren’t expensive compared to the economic damage of an event like this every 15 years.
Before this happened, what exactly were the incentives that led them not to prepare? Was it really an unforeseeable event? Was the risk understood but downplayed (like the oil industry with climate change)? The answers to these will hopefully come out in time.