A fleet of new natural gas-fired power plants in Texas could cost $18 billion, much more...
Elizabeth Conley, Houston Chronicle / Staff photographermuch more than an earlier estimateIf implemented, the new plants — which would only be used in emergency situations — would be built in two phases over a decade given permitting and supply chain constraints, according to slides of a new study shared by the Lower Colorado River Authority. The potential cost risks derailing Republicans’ plans to overhaul a grid increasingly reliant on renewable energy with fossil fuel plants.
“While LCRA did not initiate this effort, we are committed to working with the legislature and the executive branch in any way they direct us to help,” the agency said in an emailed statement. It’s unclear how many senators were aware of the proposal’s costs before voting on the bill, which now needs to pass the Texas House of Representatives. After the 2021 disaster, a similar Berkshire Hathaway proposal that carried an eventual price tag of $10.8 billion had been rejected by lawmakers.
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