Bill to give companies low-interest loans to build more gas-fired power plants OK’d by House committee

May 25, 2023

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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