Texas Gov. Greg Abbott and Lt. Gov. Dan Patrick want to double the taxpayer-backed Texas Energy Fund for financing new natural gas power plants.
Gov. Greg Abbott and Lt. Gov Dan Patrick will seek to expand a taxpayer-backed program that primarily funds low-interest loans to build natural gas power plants in Texas to $10 billion from $5 billion “as soon as possible,” they said Monday. The move comes in response to new estimates from the Electric Reliability Council of Texas , the state’s power grid operator, that the state could need 152 gigawatts of power in six years, roughly doubling the current record of 85.5 gigawatts.
Energy enters competitive battle for Texas Energy Fund loans to build gas-powered plants Voters in November approved a $10 billion package known as the Texas Energy Fund, which is intended to incentivize building new sources of on-demand electricity generation, excluding battery storage, for the ERCOT grid, with $5 billion available in 2024 and 2025. Developers have submitted 125 notices of their intention to apply for $38.
Texas Energy Fund CPS Energy Dan Patrick Greg Abbott Pablo Vegas Voters Texas Vegas
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Texas A&M University System planning to create power network to help Texas energy grid“Peakers” would only run during times of peak energy demand
Read more »
CPS Energy enters competitive battle for Texas Energy Fund loansCPS Energy enters battle for Texas Energy Fund’s gas plant loans, PUC fields 125 pre-applications
Read more »
Texas' high court throws out challenge to Gov. Abbott's pardon of Daniel PerryThe Travis County district attorney argued Gov. Greg Abbott overstepped in pardoning Perry, who fatally shot a Black Lives Matter demonstrator in 2020.
Read more »
Greg Abbott Scores Legal Win Over Texas BorderThe Texas governor has had another legal victory in his battle to deter migrants from crossing the border.
Read more »
Governor Abbott launches $1.5 billion plan for 7 new Texas psychiatric hospitalsAUSTIN, Texas - Governor Greg Abbott has announced a plan to launch seven new state hospital projects aimed at improving inpatient psychiatric services for indi
Read more »
North Texas first responders mobilize as Gov. Abbott declares state of emergency for TS AlbertoTexas began mobilizing as Tropical Storm Alberto, the first named storm of the season, moved ashore in Mexico. South Texas has received heavy rainfall.
Read more »