Could a blackout like in Texas happen in Michigan?

Clean up and recovery continues in Texas after last week's winter storm crippled the state's power grid, knocking out power and heat to millions of people.
Arctic air dug deep into the central and southern United States this past week and Texas was hit particularly hard.
Supply and demand of electricity fell out of balance, leaving officials with the tough choice to shut down power for several days to prevent a system failure that could have left residents with lights out for weeks.
Why is it that cold air similar to what we see for month-long stretches was debilitating for Texas' power grid, and can that happen to us here in Michigan? We turned to the Chair of the Michigan Public Service Commission to find out what we do to prevent this.