The U.S. Senate’s attempt to move this legislation has lifted the veil on the real cost yet ineffectiveness of ambitous federal CO2 reduction mandates. As the leading energy producing state, the Texas economy would be most adversely impacted. This brief offers a risk-benefit assessment of this unprecedented legislation and highlights the effects on Texas.
TPPF Releases New Research on ERCOT’s 765-kv Strategic Transmission Expansion Plan
AUSTIN– Today, TPPF’s Life:Powered campaign released new research outlining the cost and impact of ERCOT’s 765kv Strategic Transmission Expansion Plan or STEP. The paper finds that the STEP does not meaningfully reduce the need for new generation, nor does it reduce prices for consumers. In fact, the STEP would impose nearly $100 billion in lifetime...