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Texas to ensure power lines for wind developers
Gov. Rick Perry said Monday he has received a $10 billion investment guarantee from wind energy developers in exchange for the state’s assurance that the necessary power transmission lines will be built.
Should the development come to fruition, the state would gain about 10,000 megawatts of power supplied by wind, enough to light up about 2.3 million homes.
“Private companies are putting up their money instead of taxpayers putting up their money,” Perry said while flanked by executives from wind developers at Southern Methodist University. “The state of Texas will ensure we build the transmission capacity needed to deliver zero emission power source.”
The agreement, though, is not formal and does not come with any binding contract between the state and energy companies touting plans to install more wind power generation, largely in West Texas.
October 2, 2006
by Steve Quinn, Associated Press
in The Dallas Morning News
Gov. Rick Perry said Monday he has received a $10 billion investment guarantee from wind energy developers in exchange for the state’s assurance that the necessary power transmission lines will be built.
Should the development come to fruition, the state would gain about 10,000 megawatts of power supplied by wind, enough to light up about 2.3 million homes.
“Private companies are putting up their money instead of taxpayers putting up their money,” Perry said while flanked by executives from wind developers at Southern Methodist University. “The state of Texas will ensure we build the transmission capacity needed to deliver zero... [continue via Web link]
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