Texas will build its own gas power plants if private investment fails
Lt. Gov. Dan Patrick has announced the state's readiness to construct natural gas power plants if private investments don't materialize.
- 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.
"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.
From 2020: As courts stall or stop some major pipelines, the Permian Highway Pipeline in Texas is plowing ahead—and fears over water pollution have already become reality.