Breanne Deppisch is an energy and climate policy reporter at the Washington Examiner. A former national political reporter, she has closely covered campaigns, Congress, and the White House since 2016.
Texans voted overwhelmingly on Tuesday to approve Proposition 7, a $10 billion measure that will create a state energy fund and incentivize new natural gas production in an effort to build out the state's grid capacity and protect against future blackouts.
Under the program, qualifying developers will be eligible for a 3% interest rate loan from the state to build out thermal energy plants. Additional state subsidies created by the measure cover up to 10% of their project costs, so long as the plants are built in compliance with certain state deadlines.
It also invests a smaller $1.8 billion for the creation of microgrids, or small-scale “backup” power programs that would keep the lights on for systems serving critical facilities, such as hospitals, schools, and fire stations, in the event of a supply shortage.
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