Invest Texas Council Calls For Private Investment To Expand Power Generation In Texas

Encourages Greater Private Investment and Smart Policies

AUSTIN, TEXAS— Invest Texas Council (ITC) Chairman Ron Simmons today released a statement following Texas legislative hearings on the power outages that left millions of Texans without electricity last week. ITC called for greater private investment to further build out Texas’ energy infrastructure.

“The House and Senate have done an excellent job in their legislative hearings to uncover many of the issues that caused last week’s disastrous power outages.

“Many things must be done to avert a future disaster but one thing is especially clear: Texas must build out its power infrastructure to accommodate the massive influx of people moving to the Lone Star State,” said ITC Chairman, Ron Simmons. “While winterization of power generators should be an immediate priority, the most important thing Texas can do is add more power to the grid to ensure the events of last week are far less likely to ever be repeated. With more power generation, transmission and storage, the state will have the redundancy necessary to help prevent potential outages and rolling blackouts.

“Just as Texas has done with other projects, lawmakers should look to the private sector to build out its power infrastructure. Through private investment, the state will be able to achieve its stated goal of adding more power to the grid through the most efficient and effective way possible.