The issue isn’t power demand but the durability of the grid itself. The various production/distribution mechanisms aren’t built to withstand temperatures that low and the maintenance/repair systems aren’t designed with those temperatures in mind.
It’s also more than just the power systems. Consider the road systems. In the Northern states, you’ll have electrical workers out in even extreme situations because they’ve got the personnel, vehicles and training to deal with that weather – and there will be snow/ice-clearing progress on the roads for the same reason. In the Southern states, those personnel and their equipment would need to be imported from elsewhere.
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