Reported 12 months ago
Texas Governor Greg Abbott plans to double the Texas Energy Fund gas-plant construction loan program to $10 billion in response to the state's growing electricity demand. The initial fund of $5 billion has attracted interest totaling $39 billion, indicating high demand. With electricity needs expected to reach 150 gigawatts by 2030 but current capacity at 85 gigawatts, Abbott and Lieutenant Governor Dan Patrick emphasize the urgency of expanding the program and reviewing grid policies to meet future demand.
Source: YAHOO