Clean Power Professionals Group
This special interest group is for professionals to connect and discuss all types of carbon-free power alternatives, including nuclear, renewable, tidal and more.
Post
Institutional Investors Call on Texas Leaders to Ensure a Level Playing Field for All Energy Resources, Scrap Anti-Renewable Proposals
In a letter sent today to the Governor of Texas Greg Abbott, Chairman of the Public Utility Commission of Texas Peter Lake, and other Texas legislative and regulatory leaders, the U.S. Partnership for Renewable Energy Finance (PREF) urged policymakers to focus on proposals that truly enhance electric reliability and avoid anti-renewable proposals that would significantly undermine business investment in Texas.
The U.S. Partnership for Renewable Energy Finance is an affiliation of leading companies that have invested tens of billions of dollars in energy infrastructure in Texas and are part of the American Council on Renewable Energy (ACORE).
“Renewable energy development is currently providing more than $270 million in state, local and property tax revenues this year, along with lease payments to farmers, ranchers and other landowners totaling over $140 million,” wrote ACORE President and CEO Gregory Wetstone. “These revenue streams, which help fund school districts and local governments across the state, are being placed at risk by policy proposals now under consideration.”
“For example, assigning ancillary service costs exclusively or disproportionately to renewable generators would significantly undermine business investment in Texas. Renewable energy provides affordable electricity that saves consumers money and has proven less susceptible to climate-induced weather extremes than thermal generation, such as natural gas, coal or nuclear power. […] Rather than improving grid reliability, retroactively changing renewable project economics risks driving existing generation offline, exacerbating the very problem that needs to be solved,” Wetstone continued.
The renewable energy sector employs tens of thousands of Texans and has generated more than $70 billion in new investment capital across the Lone Star State.
- Real-Time Power Markets Would Save Southeast Over $100 Billion
- Institutional Investors Call on Texas Leaders to Ensure a Level Playing Field for All Energy Resources, Scrap Anti-Renewable Proposals
- More Interregional Transmission Could Have Saved Nearly $1 Billion, Preserved Power for 200,000 Homes During Texas Freeze
- Investor Confidence in Renewable Energy and Energy Storage Sectors Hits All-Time High
Discussions
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.
Sign in to Participate