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(Reuters) - A proposal to spend $8 billion on new power plants in Texas has stalled, Starwood Energy Group’s chief executive said on Monday, as the state’s grid operator called for conservation amid record demand.
FILE PHOTO: Overhead power lines are seen during record-breaking temperatures in Houston, Texas, U.S., February 17, 2021. REUTERS/Adrees Latif
In April, the Connecticut investment firm proposed the construction of 11 natural-gas fired power plants, aiming to improve grid reliability during times of extreme demand.
State grid operator, the Electric Reliability Council of Texas (ERCOT), on Monday asked residents to reduce electricity use “as much as possible” through Friday, citing plants supplying 11,000 megawatts that were offline as temperatures hit 98 degrees Fahrenheit (37 Celsius).
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