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.