The SB 2627 Bill

SB 2627 is a new bill introduced in place of SB 6, and is pending in House committee.

The bill relates to funding mechanisms to support the construction, maintenance, and modernization of dispatchable electric generating facilities. Under SB 2627 the state would spend up to $10 billion to support dispatchable generation.

It would offer companies 0% loans for a 20-year period to build new natural gas-fired power plants. The state would also pay a bonus to companies if their plants became operational by December 31, 2026. In addition, the state would also offer 0% loans to companies to keep their older power plants online for five years, instead of closing them.

Related Articles

Reliability Generators in ERCOT: Comparing Three Project Scenarios

Reliability generators are becoming an increasingly attractive investment in ERCOT....

Distributed Energy Financial Analysis

Energy costs are one of the largest and least controllable line items for most commercial and industrial business owners....

Texas is paying for backup power that won’t help the grid

Texas recently funded a new program to keep hospitals, water systems, and other critical facilities running when the power goes...

The Hidden Cost of Large Loads on the Electric System

Over the past several decades, electric demand growth was relatively modest, gradual, and broadly distributed across customer classes Electricity demand...

The Expanding Economics of Battery Storage

What may be changing even more significantly is the way organizations are beginning to think about the role storage can...

The Clean Peak Standard and DER Value Stack in Massachusetts

Massachusetts’ Clean Peak Standard, or CPS, is a central part of the distributed energy conversation....

Contact Us