Texas is courting investors for natural gas power plant construction, with a potential state-led initiative as a backup plan.
The state aims to add 10 gigawatts of natural gas power, enough for two million homes, through the Texas Energy Fund.
Concerns arise over the impact of state involvement on private sector investment and the balance with renewable energy growth.
Key quote:
"If we can't get an incentive program to attract investors to build, then the state would have to build [more gas-fueled power infrastructure] ourselves."
— Lt. Gov. Dan Patrick
Why this matters:
This move by Texas could set a precedent in state intervention in energy markets, with significant implications for both the environment and public policy.
Critics say the bills could lead to untold billions in added costs to customers and minimal benefits while ignoring needed efforts to reduce electricity demand.
