Texas Senate Energy Bill to Overhaul Power Grid Will Increase Costs for Ratepayers Across the State
Last week the Texas state Senate passed several pieces of legislation that aim to bolster grid security and reliability in Texas. Included in these bills is Senate Bill (SB) 6, which establishes the Texas Energy Insurance Program and authorizes the construction of a fleet of new natural gas-fired power plants that will be used only as a form of emergency generation capacity in times of blackouts or high demand. If adopted, these alleged reforms would abandon the principles of free enterprise that have made Texas a leader in energy innovation and providing low-cost energy to families and businesses.
