Austin, TX
Yesterday, Texas Governor Greg Abbott announced a significant initiative to bolster the state’s power grid. In a post on X, Governor Abbott detailed the Texas Energy Fund’s allocation of $5 billion in low-interest loans to construct additional dispatchable natural gas plants. Moreover, he and Lt. Governor Dan Patrick plan to expand this fund to $10 billion, ensuring Texas’s power infrastructure can meet the demands of its growing population.
The Texas Energy Fund is a major step toward enhancing the state’s power grid. Governor Abbott emphasized the importance of this fund in his recent post:
“Texas continues working to ensure our power grid meets the demands of our growing state.”
The initial $5 billion will provide low-interest loans aimed at building more dispatchable natural gas plants. This move is seen as a crucial measure to prevent future power outages and ensure a stable energy supply.
Lt. Governor Dan Patrick is also a key supporter of this initiative.
Abbott stated. The expansion will double the fund’s capacity, further strengthening Texas’s ability to generate and manage its energy needs.