With the hot summer months on the horizon, there is a renewed focus on the state of the Texas power grid.Texas Public Utility Commission Chair Thomas Gleeson and Pablo Vegas, the CEO of ERCOT, testified before the Texas Senate Business and Commerce Committee on Wednesday."I think it's incumbent on the to look at existing ways that we could address our reliability concerns and see if we can accomplish our goals using those tools first," said Gleeson.
Crypto mining may actually make more money selling electricity back to the grid than from their crypto mining operations," Patrick said.According to Vegas' testimony, crypto miners and data centers will be responsible for more than half of the added growth on the Texas grid."Texans will ultimately pay the price," Patrick continued. "We want data centers, but it can’t be the Wild Wild West of data centers and crypto miners crashing our grid and turning the lights off.