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Talking Points on Financial Impacts of U.S Arctic Blast on <br />Public Power Utilities <br />Key Talking Points <br /> <br /> Now that public power utilities have weathered the actual storm, <br />APPA wants to make sure impacted utilities and their customers <br />have the resources they need to handle the financial aftermath. <br /> <br /> APPA strongly encourages a review to investigate what went <br />wrong, what went right, and what we can do to do better in the <br />future. <br /> <br /> One key takeaway will likely be the importance of a robust and <br />diverse generation resource mix. <br /> <br />Background <br /> <br /> For electric utilities—including not-for-profit public power <br />utilities—Winter Storm Uri and the arctic blast it created posed <br />significant challenges. <br />o Coldest three-day stretch on record. This stretch didn’t just <br />break records, it shattered them (per WFAA Dallas): <br /> Feb. 14 the low was 9° in Dallas, which shattered the <br />old record of 15° set in 1936. <br /> Feb. 15 the low was 4°, which shattered the old record <br />of 15° set in 1909. <br /> Feb. 16 the low was -2°, which shattered the old record <br />of 12° set in 1903. <br /> Extraordinary weather created a “triple whammy” for utilities: <br />o The cold weather drove high demand for natural gas and <br />electricity. <br />358 <br />