Sep 17, 2018
Wind Energy in Texas – Renewable Energy Landscape
The 86th Texas legislative session begins in January 2019. State lawmakers plan to examine the competitive nature of Texas’ retail electric system and address several issues related to the state’s wind energy market, including decommissioning, marginal loss and negative pricing, ancillary services, and defending incentive programs (such as Chapter 312, Chapter 313 and the Texas Renewable Portfolio Standard). Currently, the renewable energy industry is under attack due to an undisclosed donor to a conservative policy think tank aiming to end tax incentives for renewable energy projects in Texas, including the Chapter 312 and 313 programs.
Tax incentive programs allow Texas to compete in the free market and secure investments in the state, benefitting renewable energy and oil and gas companies, as well as supporting state-funded programs. For example, renewable energy projects in Texas contribute 20 percent of their tax benefits to school districts through supplemental payments, according to the Texas comptroller.
McGuireWoods Consulting collaborates with McGuireWoods LLP on government affairs and legal efforts aimed at garnering support for wind and solar companies with investments in Texas and attracting more renewable energy companies to the state. We look forward to expanding this work to advocate on behalf of renewable energy companies in states across the country through our National Multistate Strategies Team.
This article is part of a series of reports on our experience in the energy sector. Read other articles in the series: