A plan passed by the Texas Senate this week to finance the construction of natural gas power plants with public money could cost $18 billion — about $8 billion more than lawmakers let on.
Republican state senators have proposed pushing public money toward the construction of natural gas power plants as a way to increase energy reliability.this week to finance the construction of natural gas power plants with public money could cost $18 billion, according to a document obtained by KUT via an open records request.
The bill proposed setting aside $10 billion of state money to finance 10,000 megawatts of natural gas power plants. The LCRA document says that would cost"approx. $18 billion."says, only enough power plants to generate 5,800 megawatts of power could be constructed. The LCRA is a quasi-state entity that manages water and some power generation in regions along the Colorado River basin.
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