I live in Austin and we are going to have some pretty cold weather in the near future. I recently bought a house that I'm not living and since the electricity is out (and cannot be turned on until an electrical inspection is completed), the heater won't be running there. In order to prevent any pipes from bursting, I was thinking about maybe shutting off the water to the house, draining the pipes, and just leaving all the faucets and hose bibs open while it's cold. Any reason not to do that?
Post snowpocalypse update
I thought I would follow up with what I ended up doing and how things worked out. Local news recommended (very adamantly but without explaining why) that people do not drip outside faucets, inside only. So we decided to wrap the outside faucets very well and put hand warmers on them for an extra punch of heat and not drip them. We did leave the water on and drip the inside faucets.
We did this at both houses and basically everything worked out fine. We did have older hose bib crack and gush water. Luckily I had a replacement bib so we were okay. I know other people that dripped their outside lines and were fine. I also know someone who just turned the water off and it was fine. I also know a lot of people who had pipes burst, including my wife's parents in Dallas. They left the house for a few days and didn't come back until after things thawed out. A pipe in the ceiling burst near the kitchen and flooded the much of lower floor of the house. Not great.
Anyway, thanks again for all the advice. It was a pretty crazy week, but we made it through without any major issues.