A plan passed by the Texas Senate this week to finance the construction of natural gas power plants with public money could cost $18 billion, according to a document obtained by KUT via an open records request.
That puts the price tag of the so-called “Texas Energy Insurance Program” around $8 billion over what proponents had previously said and could complicate efforts to get the proposal passed by the state House of Representatives.
The group Conservatives For Energy Innovation tweeted on Saturday, April 8 about the proposal: " This document dump by the @LCRA on Good Friday afternoon smacks of deliberate deceit. But the bigger question is "Why would the Texas Senate want to hide the true cost of this plan from the public?"
(Full story HERE.)
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