Big Energy Emerges As Winner From Texas Winter Storm

As oil and gas majors surprisingly stand to profit in the long-term from the Texas storm last month, several regulators emerge largely unscathed.  In the wake of the severe winter storm that hit Texas in February, causing blackouts and water shortages across the state, reforms to avoid the deadly cost of extreme weather conditions could mean regional oil majors bounce back big in the future.  As smaller companies are hit hard following grid failures in the storm, people look to bigger firms, such as Vistra, NRG, Exelon and Calpine to…