AUSTIN, Texas – A $10 billion fleet of natural gas power plants for emergency use moved forward Monday in the Texas Senate.
The proposal is the centerpiece of a package aimed at shoring up the resiliency of Texas’ power grid since the 2021 deadly winter storm and could dramatically change how electricity is bought and sold.
The legislation could come up for a full vote as early as Thursday, said its author, Sen. Charles Schwertner, R-Georgetown. The bill was voted out of committee Monday despite some reservations from Democrats, who believe it amounts to reregulation of Texas’ laissez faire electricity market.
