Cruz suggested Bitcoin as a possible solution for the broken power grid that failed during a storm in Texas last winter, just before the senator fled to Cancun, Mexico.
The legislation is a response to “what is happening on the West coast” where cities have passed energy efficiency plans.
“We were just four and a half minutes from a total grid failure in Texas, which could have caused blackouts for weeks and even months.”
“…people need to read the fine print in those kinds of bills and we may even end that type of variable plan because people were surprised.”
“It’s about privatization and profit.”
“We came dangerously close to losing the system.”
What followed was a multidecade experiment in deregulation that has now left millions of Texas residents freezing and without power.
Cruz dipped into his campaign account to pay the guard to do household chores, such as caring for Snowflake.
That flaring darkened the skies in eastern Texas with smoke visible for miles.
Gov. Abbott said that a moratorium on shut-offs is needed while the state legislature deals with bills that people can’t afford to pay.