Texans Approve Billions in Funding for Natural Gas Power Generation

Texans Approve Billions in Funding for Natural Gas Power Generation

Texans Approve Billions in Funding for Natural Gas Power Generation

November 10, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Texas voters have approved Proposition 7, a constitutional amendment that creates a $10 billion state energy fund (Texas Energy Fund) to provide loans and grants for companies to develop new power generation in the state--including $7.2 billion strictly for natural gas-fired power plants. The fund does not provide any money for clean energy resources, such as wind, solar and battery storage.

Industrial Info is tracking $12 billion worth of capital projects at natural gas-fired power plants in Texas, which leads all states in project activity.

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