It resembles a failed 2021 pitch from billionaire mega investor Warren Buffett that Schwertner supported. This year’s SB 6 would use taxpayer money or increases to Texans’ power bills to fund the construction of natural gas power plants capable of generating 10,000 megawatts of electricity – enough electricity to power as many as 7.5 million homes.
A representative from Buffett’s business conglomerate Berkshire Hathaway was the one of the few to testify in support of the bill at a recent hearing. The vote to advance the bill to the full Senate was 8-0-3, with the Senate Business and Commerce Committee’s three Democrats voting “present.” “It ought to be brought back considerably in size and work in conjunction with other elements,” Johnson said. “It seems to wag the whole system at this size.”
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