For years, people and companies have flocked to Texas for economic reasons, from fast job growth to no state income taxes.
Don’t overlook another strength of Texas’ pro-business climate: abundant, cheap energy.
That’s fueled the so-called Texas miracle, ensuring that essential services could keep up with the population growth.
But Texas will have to rewrite the narrative after a brutal winter storm left over 4 million residents freezing in the dark. Nearly 5 million more in Mexico lost power, often due to problems with natural gas supply.
The power outages led to dozens of deaths, billions in damages and questions about grid reliability and Texas’ deregulated electric market.