A new state energy fund will offer low-interest loans to companies that build new power plants.
Power lines near the Austin Energy /Sand Hill Energy Center in Del Valle on March 24, 2020. The Texas A&M System is exploring the possibility of allowing companies to build a network of "peaker" power plants on its land across Texas that would crank up when electricity demand strains the state power grid.to The Texas Tribune will help investigative journalism that impacts state policies and politics.
The A&M System identified roughly 30 sites where intersecting power and gas lines make the land viable for peaker plants. The system would prefer to build the plants near its campuses, but the Public Utility Commission of Texas will hammer out the logistics, according to John Sharp, chancellor of the A&M System.
The construction projects will be eligible for low-interest loans from the Texas Energy Fund, which the Legislature created during last year’s session and funded with $5 billion thus far. Texas voters approved the fund in response to theEven with that financial incentive, Ed Hirs, an energy fellow at the University of Houston, expressed pessimism that the loans will be enough to attract companies into building the peakers.
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