I should point out that cold temperatures place a huge demand on the grid because consumers don't want to winterize for the marginal once-a-decade blizzard any more than utilities; around half our homes have relatively inefficient resistance heaters as opposed to furnaces.
We have a lot more growth in the past few years than most other places, both in relative terms, and in absolute (big state + high growth introduces more absolute friction than small state). Demand is forecast to rise over 20% from 2024 levels vs. an American average under 5%: https://www.eia.gov/todayinenergy/images/2025.07.31/main.svg
So no wonder our reserve margins run thinner when we're already having to build at such speed just to keep pace with regular demand.
Texas has been building a ton of wind and solar to supplement generation capacity and is taking some leadership in the next-gen nuclear stuff for a reliable base load, but in the mean time the shortage of CCGTs is going to bite in a state where demand goes up this much, this fast. SB6 passed this summer also should help with reasonable control and oversight.
ERCOT actually does a pretty okay job, all things considered; it's hard to invest heavily in winterization for rare events when you're having to invest heavily in new generation to keep up with steadily increasing baseline load.