A 2019 winter storm, which brought high winds and subzero temperatures to Texas, caused a power grid collapse that blacked out millions of consumers and resulted in over 200 deaths.. The Texas legislature called for studies and proposals to remedy the situation, which led to the four legislative bills discussed below. Their solution is pretty straightforward: 1) create financial incentives for up to 10,000 MWs of new, mostly gas-fired peaking units, 2) set aside $10 billion, including zero-interest loans and subsidies for existing…
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