“No tax exemption should operate on autopilot”: Senate Finance weighs $3.3 billion tax break for data centers
A sales tax break that cost Texas an estimated $14.
Following Texas's data center boom -- energy demands, water use, economic impact, and communities navigating rapid tech expansion.
A sales tax break that cost Texas an estimated $14.
The Texas Senate's Business and Commerce Committee meets Wednesday to review the state of the electric grid, and the item that will get the most attention on its agenda is the rulebook meant to keep a wave of new data centers from raising costs and risking reliability.
Governor Greg Abbott announced that Diode will not pursue a proposed data center near Cedar Creek Lake in Henderson County after the company determined the project did not meet the Governor’s directives or community expectations, according to a July 23 news release.
The Texas Senate Committee on Business and Commerce will take invited and public testimony July 29 on ERCOT reliability and Senate Bill 6's large-load rules, and on how a fast-expanding network of 765-kilovolt transmission lines will affect Texas landowners.
The agencies that run the Texas power grid have told Governor Greg Abbott they need new legal authority to keep the state's data-center boom from raising electric bills and threatening reliability — and, in one recommendation, to stop a hostile foreign government from using a data center to disrupt the grid.
Texas regulators have imposed the first hard operating requirement on the data centers crowding onto the state grid, and the industry is weighing whether to fight it in court.
Governor Greg Abbott's deadline for regulators to spell out how they will keep data-center costs off Texans' electric bills arrives Friday, but the state's push to rein in the industry is running into a problem it cannot regulate away: the calendar.
Texas utility regulators have two days to answer the governor.
As the Public Utility Commission of Texas approaches a cluster of routing decisions on the state's first 765-kilovolt transmission lines, the fight increasingly turns on a single question: whether the demand forecast for West Texas — driven largely by oil-and-gas electrification in the Permian Basin and, increasingly, by data centers — justifies stringing ultra-high-voltage lines across ranchland.
Tech giant Meta Platforms, Inc.