Former Chief of Texas Power Grid Calls State-Funded Plants ‘Dangerous’
Brad Jones
Photographer: Jordan Vonderhaar/BloombergThis article is for subscribers only.
A Texas proposal to use billions of dollars of state funds to build new power plants is “dangerous” to the competitive power market needed to drive investment, the former chief of the state grid said.
Last week, Texas senators voted in favor of creating an energy insurance fund to build natural gas-fired power plans able to provide back up during emergencies. It’s meant to avoid a repeat of the deadly blackouts during the February 2021 storm. The plan still needs approval from the House and governor.