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Texas Legislature 2021

Texas Legislature close to approving billions to pay for winter storm financial fallout

Several billions of dollars in state-approved financing will be necessary to stabilize the state’s distressed energy market after the winter storm. Texas approves more in finance bailouts for its utilities than any other state.

Electrical workers repair a power line in Austin on Feb. 18, 2021. Many Texas residents are still without power, and many don't have clean drinking water or working water at all.

Texas-sized bailouts

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Economy Energy Environment State government 87th Legislative Session Texas House of Representatives Texas Legislature Texas Public Utility Commission Texas Senate