Environment Texas: Texas Legislature Subsidizes Gas Power Plants, Avoids Worst Attacks on Renewable Energy
May 31, 2023
May 31, 2023
AUSTIN, Texas, May 31 (TNSgov) -- Environment Texas issued the following news release on May 30, 2023:
Texas will subsidize the construction of new methane gas power plants, while raising costs for wind and solar energy, under legislation approved by the Legislature this week.
SB 2627 and SJR 93 provide $7.2 billion in low-interest loans to support the development of up to 10,000 megawatts of new methane gas power plants. Another bill, HB 5, makes gas power plants eligi . . .
Texas will subsidize the construction of new methane gas power plants, while raising costs for wind and solar energy, under legislation approved by the Legislature this week.
SB 2627 and SJR 93 provide $7.2 billion in low-interest loans to support the development of up to 10,000 megawatts of new methane gas power plants. Another bill, HB 5, makes gas power plants eligi . . .