TEXAS RENEWABLES ATTACK FAILS

Texas backing away from cutting support for wind, solar energy

James Osborne, 27 May 2015 Dallas Morning News

Texas legislation that would prematurely terminate the state’s $7 billion Competitive Renewable Energy Zones (CREZ) transmission build-out and end the state’s renewables mandate 10 years before it is set to expire, appears stopped in the House of Representatives after winning approval by the Senate in April. Powerful Republican Senator Troy Fraser, who sponsored Senate Bill 931. Advocates say ending the mandate early could have disrupted $40 million per year in payments from utilities to wind farms that were factored into financing at construction. Leaving the CREZ lines unfinished would have eliminated 2,000 MW of renewables carrying capacity that could be vital to Texas meeting emissions reduction goals. Last ditch moves by Senator Fraser to accomplish his goals through other legislation failed. click here for more

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