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BondLink Announces Inaugural Investor Relations Award Winners

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Texas House moves on plan to fund power plant upgrades

Electrical transformers at the Austin Energy/Sand Hill Energy Center in Del Valle on March 24, 2020.
Credit:
Eddie Gaspar/The Texas Tribune
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A plan to help finance what will likely become mandatory power plant upgrades to withstand more extreme weather in the wake of the February power crisis received preliminary approval in the Texas House on Monday.
The failure of power plants to produce power during very cold temperatures was a major cause of the February power outages in Texas that left more than 4.8 million customers without electricity for days and caused more than 100 deaths. Natural gas plants shutting down or reducing electricity production due to cold weather was the most significant source of outages, according to an analysis by the Electric Reliability Council of Texas, which manages the grid that covers much of the state ....

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