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The Texas Tribune
The Texas Tribune
National
Emily Foxhall and Erin Douglas

Bill to give companies low-interest loans to build more gas-fired power plants is approved by House committee

Electricity Charles Schwertner Texas Natural Gas
A power substation in East Austin during an ice storm on Feb. 3, 2022.
A power substation in East Austin during an ice storm in February 2022. Texas lawmakers are weighing bills to boost natural gas-fired power generation in the state. (Credit: John Jordan/The Texas Tribune)

A Texas House committee has approved two major bills aimed at building up the state’s electricity grid. One would offer companies low-interest loans to upgrade or construct natural gas-fueled power plants, and the other would limit how much extra revenue gas-powered electricity generators could make through a proposed financial tool that would pay them in exchange for promises to be available to produce power in tight times.

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