The Costly Consequences of Texas' Energy Plans

A plan approved by the Texas Senate to build up to 10 gigawatts of on-demand power could cost about $18 billion to construct natural gas-fueled power plants with fuel stored on-site, according to an estimate from the Lower Colorado River Authority. The price is well above the $10.8 billion estimate provided during a Senate committee hearing earlier this year by Berkshire Hathaway. The plan would direct the state to hire one or several entities to build power plants that could come online during emergencies. The plants would be able to supply 2 million homes during peak demand and could run for days.