Perry Announces Agreement with Wind Developers

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Governor Rick Perry says Texas will ensure construction of power transmission lines in exchange for a ten (b) billion dollar investment from wind energy developers.

If the development comes to fruition, the state would gain about ten-thousand megawatts of power supplied by wind. That's enough to light up about two-point-three (m) million homes.

The agreement announced Monday at Southern Methodist University near Dallas is not formal. It does not come with any binding contract between the state and energy companies.

The Public Utilities Commission plans to approve construction of the lines.

The state backing comes because legislation from the 2005 session has enabled the PUC to fast-track transmission development.