Gov. Abbott seeks to double Texas Energy Fund to meet grid demand [Video]

AUSTIN, Texas — Gov. Greg Abbott wants to build more natural gas power plants in Texas to keep up with rising demand on the grid.

Last month, the CEO of ERCOT said Texas will need more power to properly support our power grid by the year 2030. Pablo Vegas estimates that in six years, Texas will need 150,000 megawatts to power the grid. Right now, Texas has about 85,000 megawatts of power available, including wind, solar, coal, nuclear and natural gas.

In November, voters approved a resolution to create the Texas Energy Fund, which provides low-interest loans to incentivize building more natural gas plants. Gov. Abbott and Lt. Gov. Dan Patrick want to expand the fund from $5 billion to $10 billion to build new energy plants as soon as possible.

“Texas has …