Then throw in the fact that power producers all over Oklahoma, Louisiana, Arkansas, and Missouri were all struggling with power production too, despite the fact that they are all of course regulated federally by FERC, it doesn’t seem like the national regulations were a magical solution here.
Is it possible that more stringent regulation will help avoid repeats of this in the future? Yes. Would the existing federal regulations have prevented this situation if ERCOT was subject to them? It doesn’t seem so.