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

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The bill marks the Legislature’s turn toward supporting natural gas-fueled electricity after the deadly winter storm in 2021. kprc2 click2hou tx

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., The Texas Tribune’s daily newsletter that keeps readers up to speed on the most essential Texas news.

The committee left pending a second bill that could decide 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. Renewables came under attack by Texas leaders after a powerful winter storm hit the state in 2021, electricity demand skyrocketed and the Texas grid came close to collapse. But the extreme cold hampered all types of power, including gas-fired plants and wind and solar generators. Millions of Texans lost power and heat for days. Hundreds died.Senate Bill 2627

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