CALL TO ACTION!

Oppose HB1606 and SB2627

These are companion bills-you can copy/paste one testimony and use it for the other bill.

Easy peasy, get ‘er done🤙🏾

After voters approved Prop 7 (Texas Energy Fund), Public Utility Commission of Texas says it will begin administering the loans/bonuses ($5B appropriated) for dispatchable power plant construction in ERCOT passed in #SB2627 during 88(R). #txlege

Inbox: Dan Patrick statement on #HB5 and #SB2627 passing earlier — and in case you there was any doubt these two were inextricably linked, doubt no more. #txlege

$5 billion for the proposed Texas Energy Fund (SB2627) for loans for construction of electric generating facilities.

(9/X)

#txlege #txbudget

Hearing (along with others) that this will be sent back for another vote! It's been a wild day for the $10 billlion Texas power plant bill. Here's the story. #SB2627
kut.org/politics/2023-…

.Dade Phelan appoints three to the Texas Energy Fund Advisory Committee, the board overseeing the execution of #SB2627 's power plant loan program. #txlege

Appointees are:
-David Spiller, co-chair
-anahdz
-Todd Hunter

This morning the Texas House State Affairs Committee voted out a bill to put $10 billion in public money toward financing the construction of gas power plants. Vote made in state agriculture museum. Not broadcast, not audio recording made. #SB2627

🚨Insightful new analysis on the impact of HB1500 & SB2627 on the #ERCOT market and quantifying the impact of these policies on:
- Their resulting level of reliability
- What it costs with the Loss of Load Expectation (outages/year) being the target reliability metric
#txenergy

The Senate just passed #SB2627 by a vote of 28-3. #txlege

Unless the system is updating too slowly, as of midnight, there are no conference committee reports on any of these bills. Grid bills SB7, SB2627, & SJR93 and HB5 (corporate tax breaks)--barring parliamentary wizardry and suspension of many rules--are all dead. #txlege

🚨Breaking: #txlege House just rammed both these corporate welfare bills through in final hours (and past deadlines)… costing Texas taxpayers BETWEEN $5-10 BILLION.
#HB5 #SB2627

1/9 Texas' new SB2627 legislation marks a major shift from competitive electric markets to resource preference and subsidies. However, this approach may bring unintended consequences. Let's unpack why. #EnergyPolicy

I talked w/ Katy Blakey about #txlege 's failure to increase the state's paltry #energyefficiency goal. Also addressed the backup power program for critical facilities in SB2627. If we had had something like it before Uri, it would have saved lives.
nbcdfw.com/news/local/erc…

happy Tuesday, I'm once again watching the Texas House feed, texting jen rice questions about how the #txlege works, and watching to see if #SB7 and #SB2627 pass the third reading. More on the bills here: houstonchronicle.com/business/energ…

#SB2627 was 135-3 to suspend the rules and 114-20 on passage.

#HB5 was 120-18 to suspend and 100-36 on passage.

Now the package of grid and economic development bills only need Senate approval before going to the Governor. #txlege #txenergy #energytwitter

New TCA/IdeaSmiths study: Analysis of key energy legislation passed by lawmakers in 2023 finds current path does not meet historical standards for grid reliability, but PUCT has options to achieve better reliability bang for the buck. #TXLege #TxEnergy

texasconsumer.org/news-press/imp…

The array of grid bill’s officially signed by Abbott here:

-HB1500 (PUC sunset)
-SB1017 (local engine reg preemp)
-SB1093 (adds to elec supply chain mapping)
-SB1929 (crypto-mining grid disclosures)
-SB2627 (power plant loan program)
-SB2013 (hostile nation grid ban)
#txlege

“This study makes it clear that the PCM cap, combined with limiting the generation sources that can participate, alters the program. As a result, the additional $1B expense fails to achieve the best possible grid reliability” -Sandie, Texas Consumer Association President texasconsumer.org/news-press/imp…

🚨 State-backed loans for expensive generators put the Texas people at risk if generators default on the loans. #SB2627

Subsidizing businesses with redistributed taxpayer money is bad policy. This is a bad bill. Eliminate subsidies for unreliable sources of energy instead of trying to correct government failure with more government through subsidies for nat gas production. #SB2627 #txlege