Texas PUC Greenlights Multi-Billion Dollar Grid Reliability Plan A significant step toward strengthening the state’s beleaguered power grid was taken on June 6th, as the Public Utility Commission of Texas (PUC) granted final approval for a substantial funding package. This landmark decision authorizes approximately $5.5 billion in investment aimed at critical upgrades for the ERCOT-managed…
In a significant legislative move following a focused special session, the Texas Legislature has successfully passed Senate Bill 7 (SB 7), a landmark piece of legislation aimed at fortifying the state’s energy infrastructure. The bill’s passage establishes the Texas Energy Reliability and Modernization Fund, a substantial financial mechanism endowed with an initial $5 billion. This…
Texas Lawmakers Respond Swiftly to Grid Stress with New Reliability Mandates A recent early April heatwave in Texas, which peaked notably on April 16th, served as an unexpected and concerning stress test for the state’s independent power grid. The unseasonable spike in demand prompted quick legislative action, highlighting persistent vulnerabilities within the system operated by…
