Production of crude oil and natural gas has historically fluctuated based on many market-driven and geopolitical factors. Because the Texas Legislature collects severance taxes from this volatile production to primarily fund the state’s rainy day fund, the purpose for and use of the ESF must be worthy.
Energy & Environment
Dr. Brent Bennett’s Testimony Before the House State Affairs Committee: Data Centers & 765-kV Transmission Lines
Testimony of Brent Bennett, Ph.D. Policy Director, Life:Powered Texas Public Policy Foundation Before the House State Affairs Committee August 19, 2026 Chairman King and Members of the Committee: Thank you for this opportunity to testify about the important challenges facing the Texas electric grid and specifically the challenges and opportunities being presented by data centers....
August 19, 2026