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Texas Energy Companies Against Berkshire Hathaway’s $8B Backup Power Plan
An $8.3 billion idea by Warren Buffett’s Berkshire Hathaway Energy to build 10 new natural gas power plants across the state for emergency use turned into formal legislation on April 15, when the proposal was introduced during a state Senate committee hearing.
Berkshire executives, who pitched the plan to lawmakers in the weeks following February’s deadly winter storm, said revenue for the massive project would come through an additional monthly charge on Texans’ power bills.
Republican state Sen. Charles Schwertner, R-Georgetown, put forward the legislation, saying it would create “a backstop” of “emergency supply” that would only be tapped when demand on the power grid is so great that the state may be forced into electricity blackouts.
Berkshire Hathaway s backup power plan for Texas opposed by energy firms texastribune.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texastribune.org Daily Mail and Mail on Sunday newspapers.