Texas to Double $5 Billion State Fund Aimed at Expanding the Power Grid

Vistra Corp.’s Midlothian Power Plant. State leaders announced Monday that Texas will double a fund aimed at spurring the construction of more gas-fired power plants as power demand is projected to increase sharply. Credit: Shelby Tauber for The Texas Tribune

The state of Texas plans to double a state fund aimed at expanding the power grid as demand for electricity is expected to nearly double over the next six years.The state will look to boost the Texas Energy Fund from $5 billion to $10 billion, Gov. Greg Abbott and Lt.

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