Tomlinson: Grid experts and execs slam $10 billion electricity plan, Republicans approve it anyway
spoke against it. Julia Rathgeber, representing Berkshire Hathaway Energy, was the only industry representative who voiced support. Berkshire first proposed building the backup generators in 2021 and would be a leading candidate to win the $10 billion contract.
Electric power generators already in Texas adamantly opposed what they consider a heavy-handed solution that will likely lead to less power on the grid managed by the Electric Reliability Council of Texas, not more. “The market we invested in over the last 36 months is not the market that exists today,” Mike Alvarado, CEO of Houston-based Wattbridge, testified. “We do not anticipate investing any further in ERCOT, the current market conditions simply do not allow it, and the current legislation considered by the Senate makes it that much more challenging for our business.”
Texas has a competitive wholesale market where ERCOT only buys electricity when needed. Politicians do not want a competitive market where power generation companies compete to offer the cheapest emergency electricity options.
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