Fixing the grid so ERCOT doesn’t have another blackout will also likely cost big bucks. Last week, the Dallas Morning News and other news outlets reported that Berkshire Hathaway Energy is offering an $8.3 billion deal to state leaders under which the company would build thousands of megawatts of new natural gas-fired generation capacity as well as new gas storage. The entity would be called the Texas Reliability Corp. The deal will require customers on ERCOT’s system to “pay fees to fund the new project, and the state would have to make guaranteed payments for the extra capacity.”
According to the Morning News, the new company would build about 10,000 megawatts of new generation capacity in Texas. It also reported that Berkshire claimed the investment would ”protect the ERCOT grid from future extreme weather events and would limit power outages to three-hour intervals.”
So now instead of diversifying our energy needs back to clean coal.. which is cheap and we have ample capacity.. we’re going to double down on Natural Gas and or plant some 20 million acres to Solar and wind farms..
headed in the WRONG direction.
get ready for higher energy prices and higher fertilizer prices..