• Gas distribution companies have been impacted by the Texas winter storm crisis. Although they were widely expected to emerge unscathed, regulators did not allow them to pass the costs incurred during the crisis on to customers. Instead, these costs have been deferred.
  • The unprecedented incident in Texas has put a renewed focus on the risk management of renewable energy projects, specifically with respect to greater winterization measures and enhanced weather outage predictors.
  • At a high level, Loomis Sayles analysts expect market reform to largely focus on improving grid interconnectedness and reliability.