A plan passed by the Texas Senate this week to finance the construction of natural gas power plants with public money could cost $18 billion, according to a document obtained by KUT via an open records request.
That puts the price tag of the so-called “Texas Energy Insurance Program” around $8 billion over what proponents had previously said and could complicate efforts to get the proposal passed by the state House of Representatives.
The bill proposed setting aside $10 billion of state money to finance 10,000 megawatts of natural gas power plants. The LCRA document says that would cost "approx. $18 billion."