Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!
Expand chart
Data: Federal Energy Regulatory Commission; Chart: Thomas Oide/Axios

A new report on the widespread power outages in Texas in February calls for tougher standards to ensure reliability in freezing weather — and puts numbers behind the breadth of the deadly catastrophe.

Why it matters: A deep freeze in February across the country's midsection led to failures in multiple parts of the Texas power system, leading to over 200 deaths and highlighting major vulnerabilities there.

The big picture: A preliminary assessment from the Federal Energy Regulatory Commission shows the scope of the disaster. It was largely in Texas, where millions of customers lost power, though other states also had problems.

  • Well over half the power units affected were gas-fired, the report authored with the nonprofit North American Electric Reliability Corporation shows.
  • Freezing equipment at power plants and curtailed gas supply — due to component freezes and lost power at wells and processing sites — were the biggest problems.

What's next: It lays out a suite of recommendations, including stronger standards for cold weather protection.

  • FERC Chairman Richard Glick, in a statement, called the crisis a "wake-up" call and noted that recommendations for improvements after a 2011 extreme cold event in Texas went unheeded.
  • The new report must not just gather dust, he said.

Threat level: New research finds that global warming may be altering the shape and stability of the polar vortex — the swirl of winds high above the Arctic. This can send bouts of frigid air well south into the mid-latitudes, including Texas. The Washington Post has more.

Go deeper: Feds say tougher rules needed to protect Texas power plants (AP)

Go deeper

Global energy crisis could dim climate hopes

Illustration: Annelise Capossela/Axios

An energy crisis around the world is hitting households and manufacturers that were already struggling to recover from the global pandemic.

Why it matters: This is a perfect storm of crises. It features supply shortages, especially from China; inflation; slowing growth; labor shortages; Russia’s continued geopolitical muscle-flexing and, of course, the fear that the world will burn to a crisp.

California wildfire swells, triggering more evacuations, power shutoffs

A firefighter battles the Alisal Fire on Oct. 12. Photo: Luis Sinco/Los Angeles Times via Getty Images

More than 1,300 California firefighters are working to contain the wind-driven blaze that triggered new evacuation orders and far-reaching power shut-offs, officials said.

The big picture: The Alisal Fire, which ignited near the Alisal Reservoir on Monday, now spans more than 15,000 acres and is only 5% contained, according to Inciweb, an inter-agency incident information site.

A harsh winter is ahead

Expand chart
Data: U.S. Energy Information Administration; Chart: Jared Whalen/Axios

Because of higher fuel prices, the Energy Information Administration is forecasting that U.S. households will spend more to heat their homes this winter.

Driving the news: When looking at winter forecasts, there are reasons to be concerned that parts of the U.S. — not to mention Europe, which is fully in the grips of an energy crisis, will see significant cold snaps.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!