Led by investment in intermittent renewables, Texas has added more new power supply to its grid over the past five years than any other state. However, the lack of growth in long-duration power generation and increased frequency of extreme weather events have given way to reliability concerns within ERCOT. S&P Global power markets expert Mike Pickens joins EnergyCents hosts Hill Vaden and Sam Humphreys to discuss the Texas Energy Fund and how regulators expect state-backed low-interest loans can unlock investments in new gas-fired generation projects in ERCOT.

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