ACORE Urges Texas Leaders to Maintain Business-Friendly Environment and Vote Down Anti-Renewable Legislation

WASHINGTON, D.C. – In a letter sent today to top state officials in Texas, the American Council on Renewable Energy (ACORE), a national nonprofit organization with members that have invested tens of billions of dollars in energy infrastructure in Texas, urged the state legislature to avoid the passage of any legislation that would impose new costs and regulatory requirements on the renewable energy sector.

The Texas legislature is currently considering several bills that, if implemented, would impede clean energy development by imposing stricter rules and/or higher costs only on the renewable industry.

“We share the state’s goal of ensuring a safe and reliable electric grid, but such legislation would not serve that end and would disrupt the trust that investors have placed in Texas, discouraging further investment in the state. The resulting decrease in investment would lead to higher electricity prices, lower property values, the loss of good-paying jobs, and diminished tax revenues for local communities that rely on funds from the renewable industry to support schools and other essential projects,” wrote ACORE President and CEO Gregory Wetstone.

The renewable energy sector employs tens of thousands of Texans, as the Lone Star State currently leads the nation in utility-scale wind, solar and energy storage capacity.

To download a copy of ACORE’s letter to Texas state leaders, click here.

###

About ACORE:
For more than 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s premier pan-renewable nonprofit organization. ACORE unites finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.

Media Contacts:
Alex Hobson
Sr. Vice President, Communications
American Council on Renewable Energy
hobson@acore.org | 202.777.7584 (o) | 202.594.0706 (c)

Dylan Helms
Associate, Communications
American Council on Renewable Energy
helms@acore.org | 202.891.7868 (o) | 727.290.8804 (c)