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Texas Senate plan to finance power plants would cost $8 billion more than lawmakers said

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A plan passed by the Texas Senate this week to finance the construction of natural gas power plants with public money could cost $18 billion — about $8 billion more than lawmakers let on.

Republican state senators have proposed pushing public money toward the construction of natural gas power plants as a way to increase energy reliability.this week to finance the construction of natural gas power plants with public money could cost $18 billion, according to a document obtained by KUT via an open records request.

The bill proposed setting aside $10 billion of state money to finance 10,000 megawatts of natural gas power plants. The LCRA document says that would cost"approx. $18 billion."says, only enough power plants to generate 5,800 megawatts of power could be constructed. The LCRA is a quasi-state entity that manages water and some power generation in regions along the Colorado River basin.

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Interested to see how this plays out: paying plants for only backups is much necessary, however notoriously difficult. Anytime you want to make actual use of the capacity it's coincidentally just 'out of service'.

Bad idea to pursue the most expensive option for peak power needs when Texas already leads in lower-cost emissions-free electricity generation 👇

Everything is more expensive thesedays..

Are these the same republicans that are angry that Austin has a public utility? How long before they give it to their donors to run and grift the Texas taxpayers?

Nuclear, wind and solar….

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