As Oklahoma regulators recently focused on the state’s need for more electricity in the effort to expand economic growth and industries, Texas appears to be ahead of the game.
“Spurred by data centers and population growth, demand for electricity in Texas is expected to nearly double by 2034,” is how Oil & Gas Watch described what prompted the state to take action through creation of a $7.2 billion fund. It’s the very thing Oklahoma is facing—more demand for electricity and more growth of data centers.
The fund will amount to taxpayer-funded loans and grants toward construction of new fossil fuel-fired generating capacity within ERCOT, the Electric Reliability Council of Texas which is the state’s main power grid. It’s believed the fund will also finance nearly 130 such projects in Texas.
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