Texas Proposition 7 would create energy fund to prop up power grid

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Texas Proposition 7 would create energy fund to prop up power grid
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The Dallas Morning News recommends in the 2023 election for Proposition 7, which would create a state-funded low-interest loan program to boost fossil fuel...

This constitutional amendment would create the Texas Energy Fund to support construction, maintenance, modernization and operation of electric generating facilities.The deadly power outages caused by the February 2021 winter storm made many Texans aware of the unreliability of the state’s electric grid. A record-setting heat wave which broke demand records 10 times this summer added worry.

Renewable energy must continue to be supported and grow as the state’s primary energy source, but Texas’ homes and businesses can’t be left in the dark while the state figures out how to transition from fossil fuels to renewables.Another $1.8 billion for Proposition 7 would be dedicated for grants to help build power resiliency infrastructure for critical facilities, such as hospitals.

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