Texas voters overwhelmingly approved a ballot proposition Tuesday establishing a billion-dollar state-managed energy fund to bolster natural gas power plant infrastructure.
Proposition 7 to create the so-called Texas Energy Fund passed in a 65% to 35% vote with more than 2.5 million ballots cast, according to the latest data compiled by the Texas Secretary of State's office. The ballot measure — which was supported by the energy industry, but opposed by environmentalists — sets aside $5 billion to guarantee low interest loans for new dispatchable power generation in the state.
No comments:
Post a Comment