Texas Senate Unanimously Passes Bill To Mandate Winterizing Power Grid, Ban Variable Energy Rate Plans

The Texas Tribune reports:

The Texas Senate on Monday unanimously approved a sweeping bill that would overhaul the state’s electricity industry and infrastructure, including mandating that power plants prepare for extreme weather and outlawing risky indexed retail electric plans.

Senate Bill 3, filed by Republican state Sen. Charles Schwertner of Georgetown, now heads to the Texas House where its prospects are uncertain. Members in the lower chamber will take up a series of related, standalone bills on Tuesday.

“There were a multitude of failures,” Schwertner said from the Senate floor Monday, referring to the massive power outages during the deadly winter storm. “And we’re fixing the problems.”

Read the full article.

Sweeping legislation to overhaul state’s electricity market in response to winter storm heads to Texas House after Senate’s unanimous approval https://t.co/d15ODa5ODq

— KENS 5 (@KENS5) March 29, 2021