Texas lawmakers ask state agency to delay power market redesign until after 2023 legislative session

  • 📰 KPRC2
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

In a Monday committee hearing, lawmakers questioned whether a Public Utility Commission proposal to redesign Texas’ electricity market would lead to the building of more natural-gas-fired power plants. Regulators say it would.

“Does your plan guarantee new generation?” asked state Rep.“Yes, sir,” Lake responded. If the agency completes its rule-making as scheduled, Lake said during the hearing, he expects that the plan would be fully implemented by 2026.

“Demand is growing at a pace that is outpacing [quickly available power] generation in the state,” Pablo Vegas, CEO of the Electric Reliability Council of Texas, which operates the state power grid, told lawmakers on Monday. He pointed out that even with the winterization requirements, ERCOT’s own analysis still points out that there are some extreme weather scenarios that would lead to the grid not having enough power to avoid rolling blackouts.

Lake said that the agency was simply moving forward with what the Legislature asked it to do last year with Senate Bill 3 but later said, “We don’t plan on operationalizing any market designs until we receive guidance from the Legislature.”, D-Laredo, said he doesn’t understand why lawmakers in the Senate asked the PUC to hit the brakes on its proposal. “Seems to me we asked you to do something, and you’re doing it,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Makes sense after they are all sworn in then they can go to work not doing anything they promised

Gotta have time to get their side deals in place. And make sure rx drinks the last oil instead of moving forward w/ alternative power sources, power storage, weatherization etc.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 80. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Texas lawmakers ask state agency to delay power market redesign until after 2023 legislative sessionIn a Monday committee hearing, lawmakers questioned whether a Public Utility Commission proposal to redesign Texas’ electricity market would lead to the building of more natural-gas-fired power plants. Regulators say it would. Fix the damn power grid! mn_haben To do what - find more ways to freeze us or bilk us for more money? No faith. None. Texans wallets and lives are at the mercy of people who do not care about their well being more than profits of energy company's ... their largest donors. PUCSUX TexasGOP = embodiment of Cowardice
Source: TexasTribune - 🏆 441. / 53 Read more »

Texas lawmakers ask state agency to delay power market redesign until after 2023 legislative sessionIn a Monday committee hearing, lawmakers questioned whether a Public Utility Commission proposal to redesign Texas’ electricity market would lead to the building of more natural-gas-fired power plants. Regulators say it would.
Source: ksatnews - 🏆 442. / 53 Read more »

Communities Foundation of Texas CEO Dave Scullin will retire in 2023 - Dallas Business JournalDave Scullin will continue at CFT through March 3 to facilitate the transition, while the board will start a national search for a new president and CEO.
Source: DallasBizNews - 🏆 525. / 51 Read more »