Texas lawmakers ignored electric power industry executives and critics like me who, two years ago, blasted their taxpayer-funded loan program to build more natural gas power plants. Today, the Texas Energy Fund is cratering .
Constellation Energy, one of the nation’s largest electricity generators, became the fourth firm to withdraw projects from the loan program last week. More will likely follow as the Legislature passes new laws based on ideology and cronyism rather than reality and good governance.
The Texas Energy Fund and other dumb proposals for governing the state’s electric grid are coming from the state Senate, which is controlled by Lt. Gov. Dan Patrick. When Texans experience statewide shortages of electricity, blame him and his acolytes…