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Adam Sinn is gifting the program $20 million over five years

The Mays Business School’s Department of Finance at Texas A&M University will soon...

The Mays Business School’s Department of Finance at Texas A&M University will soon...

Illustration by Texas Monthly; Getty Not long before Valentine’s Day, Pat Wood III got a text message from Griddy Energy, his electric provider, warning that extremely cold weather was about to wreak havoc on the electricity market in Texas. “Prices are looking to stay at record rates over the next couple of days due to the polar vortex,” the notice read. “Unless you are a Griddy energy-saving expert, we recommend you immediately switch to another provider.” Wood followed the company’s advice, even though almost no Texan could be considered more of an “energy-saving expert.” T...

Publishing date: Feb 26, 2021  •  February 27, 2021  •  3 minute read  •  Article content (Bloomberg) — Texas’s grid operator needs to come up with $1.3 billion to pay power plants for energy they supplied during last week’s historic blackouts, raising the prospect it may require a state bailout. The Electric Reliability Council of Texas, which manages most of the state’s grid, said it’s still waiting on more than $2 billion in payments from retail power providers and others after a deep winter freeze caused energy prices to skyrocket. The grid operator, known as Ercot...