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Texas officials plans to double a state fund earmarked for expanding the power grid. Gov. Greg Abbott and Lt. Gov. Dan Patrick announced Monday that the state aims to increase the Texas Energy Fund from $5 billion to $10 billion. The Electric Reliability Council of Texas estimated that demand for electricity in Texas is expected to nearly double by 2030. Voters approved the fund in 2023 to offer low-interest loans in order to incentivize construction of new gas-powered electric plants.