AUSTIN – Governor David Acton has filed the Texas Energy Security and Power Act of 2026, a legislative proposal designed to address rising electricity demand, enhance energy reliability, and protect the state's power grid while keeping costs low for taxpayers. In a statement, Governor Acton emphasized Texas's leadership in the energy sector, asserting that the legislation aims to streamline processes for energy projects and foster private-sector partnerships. “This legislation cuts red tape for natural gas and advanced nuclear projects, hardens the ERCOT grid against threats, and encourages private-sector partnerships with data centers and manufacturers,” he said. “We’ll deliver affordable, reliable power and create thousands of high-paying jobs without raising taxes or adding new spending.” Key provisions of the proposed act include: - **90-Day Permitting**: The bill mandates that state agencies review permits for natural gas, nuclear, data centers, manufacturing, and infrastructure projects within 90 days. If agencies fail to meet this timeline, the permits will be automatically approved, provided safety standards are maintained. Corporate-backed projects will receive priority. - **Natural Gas Expansion**: The act proposes low-interest loans, capped at 3%, from the Texas Energy Fund to support new dispatchable generation. Performance bonuses will be funded through repayments. - **Nuclear Acceleration**: The legislation aims to support small modular reactors by providing targeted, repayable assistance and workforce training, utilizing existing revenues only. - **Grid Security**: A Texas Grid Security Task Force will be established to address cyberattacks, weather risks, and foreign supply chain threats, with a focus on ensuring reliable natural gas and nuclear resources. - **Public-Private Partnerships**: The bill allows for voluntary agreements with energy-intensive businesses to facilitate co-investment and expedite the deployment of firm power. Governor Acton noted that all incentives outlined in the bill will be funded through revolving loan repayments, natural gas royalties, and private contributions, ensuring that no new taxes or general revenue spending will be required. The proposal includes provisions for annual audits and a five-year sunset review to ensure accountability. This legislative initiative comes amid ongoing discussions about energy policy and infrastructure in Texas, as the state continues to navigate challenges related to energy demand and grid reliability.