In a Monday committee hearing, lawmakers questioned whether a Public Utility Commission proposal to redesign Texas’ electricity market would lead to the building of more natural-gas-fired power plants. Regulators say it would.
“Does your plan guarantee new generation?” asked state Rep.“Yes, sir,” Lake responded. If the agency completes its rule-making as scheduled, Lake said during the hearing, he expects that the plan would be fully implemented by 2026.
“Demand is growing at a pace that is outpacing [quickly available power] generation in the state,” Pablo Vegas, CEO of the Electric Reliability Council of Texas, which operates the state power grid, told lawmakers on Monday. He pointed out that even with the winterization requirements, ERCOT’s own analysis still points out that there are some extreme weather scenarios that would lead to the grid not having enough power to avoid rolling blackouts.
Lake said that the agency was simply moving forward with what the Legislature asked it to do last year with Senate Bill 3 but later said, “We don’t plan on operationalizing any market designs until we receive guidance from the Legislature.”, D-Laredo, said he doesn’t understand why lawmakers in the Senate asked the PUC to hit the brakes on its proposal. “Seems to me we asked you to do something, and you’re doing it,” he said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Communities Foundation of Texas CEO Dave Scullin will retire in 2023 - Dallas Business JournalDave Scullin will continue at CFT through March 3 to facilitate the transition, while the board will start a national search for a new president and CEO.
Read more »
This Week in Texas talks student debt, 2023 legislative session, and infrastructure issuesIn this episode of This Week in Texas, ABC13 discusses student debt, the 2023 legislative session, and also digs deep into the boil water notice issued in Houston this week.
Read more »
Florida Gators quarterback Anthony Richardson declares for NFL draftJUST IN | Florida Gators quarterback Anthony Richardson has announced his decision to enter the 2023 NFL draft.
Read more »
Oscars 2023: Actor power rankingsThese are the actor performances that people are talking about -- or, at least, they should be.
Read more »
2023 Jeep Compass Gets a New Turbo-Four with 23 More HorsepowerThe turbocharged 2.0-liter inline-four will make 200 hp and 221 pound-feet of torque in the Compass, and all-wheel drive is newly standard.
Read more »
A Philly progressive operative is jumping into the 2023 City Council at-large raceWhile the wide-open mayoral race has already kicked into high gear, Amanda McIllmurray’s campaign announcement is among the first in what could be a crowded at-large contest.
Read more »