ERCOT gets OK to use high-voltage lines, creating Texas power superhighway (revisited)
Texas approved overspending on transmission just a couple of months ago. Already some of the projected demand for that buildout seems to be dropping: “Drilling activity’s decline has reached nine weeks, falling to levels not seen in nearly four years.” (See link for more on this story.)
Rather than continuing to put ratepayer money at risk, we need to open the door for private investors. “Consumer Regulated Electricity” or CRE is one way to do that. CRE would allow private investors to build new utilities and new grids. These “CRE Utilities” would be independent, competitive, and large-scale bringing faster project development, greater innovation, and…NO RATEPAYER RISK.
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