Is this saying it was "hours away" and safe or "hours away" and nearly missed a disaster? I assume the latter.

reminds me of "you can't put too much water in a nuclear reactor" from SNL...

For the curious: https://archive.org/details/saturday-night-live-s-10-e-06-ed... @ 53:42

Presumably they've learned from that experience.

Hahahahahahahahhahaaaaaa hahahaaaaahaaah hahhahaaaa!!!!!

I'm assuming you interpreted they as ERCOT with that response

The people who live in Texas are completely and utterly shocked every time the temperature goes below 40F. Even though there is some kind of "winter" weather almost every winter, none of the houses or commercial buildings have insulation on any of the pipes. A lot of high traffic roadways are elevated and banked making them completely unusable if someone so much as spills a coffee on them, let alone having ice or even just rain on them. "Winterizing" is just not a thing. It is always deemed too expensive. Then disaster strikes, everyone freaks out, then forgets about it in a few months because the temp in the summers stays well north of 100F for weeks at a time. OF COURSE they haven't learned. It goes against human nature to think more than a few months ahead when the state "rainy day fund" is at stake.

Clearly, they spent a few hours too much on their backup capacity.

The following 2 years, TX deployed metric shittons of solar and it was growing steadily until the very stable genius axed incentives.

https://www.gridstatus.io/live/ercot

Wild! Source?

I know of one DC that does government hosting so that they get prioritized to keep the lights on.

It would be helpful for readers to know what Equinix is

> Equinix's infrastructure supports the digital services businesses rely on, from cloud computing and enterprise applications to content delivery and financial trading platforms.

They are a very popular "high end" server colocation provider and have their own network with many peering agreements.

A lot of large companies put their servers into Equinix data centers.

An exchange having to stop trading and gracefully shut down their systems for a few days doesn't really strike me as a disaster though.

The NYSE was only closed for 3 business days after 9/11. Uptime is important for listed companies.

It might be slightly inconvenient to people who want to sell their shares.

Not really because there are a lot of stock markets these days.

But depending on the setup, often you just cant "sell the one thing at another exchange which you bought earlier at a different exchange", sure this depends on the country/etc.

There may be some odd financial instrument that can only be traded on a single exchange, but that's generally not going to be something that is liquid enough for HFT trading anyway. The idea that a stock is listed "on the NYSE" and can only be traded there is a quaint anachronism. e.g. https://help.tradestation.com/10_00/eng/tradestationhelp/rou...