VST - Texas House passes sweeping bill to weatherize power grid

The Texas House of Representatives approves a major bill that would require the state's power plants and some gas facilities to prepare for extreme weather, in response to February's hard freeze that prompted massive power outages.Potentially relevant tickers include [[NRG]], [[VST]], [[CNP]], [[EXC]], [[AEP]], [[SRE]], [[JE]]The bill would require infrastructure upgrades that would enable power plants to continue to function during freezing temperatures, as well as seek to improve oversight of the state's electricity supply chain and create a statewide emergency alert system in the event of future power outages, according to the Austin American-Statesman.It is not clear how much the upgrades would cost the companies, Bloomberg reports, but violators would face a minimum penalty of $5K/day up to $1M.SB3 now returns to the state senate, where members must decide whether to accept changes made in the House.The House also passed legislation that would expand the Public Utility Commission of

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Texas House passes sweeping bill to weatherize power grid