Texas Border Business
AUSTIN – On October 22, 2024, at 10 AM CT, Rio Grande Valley Foundation President and CEO Daniel Silva will be joined by the founder and CEO of the Perryman Group, Dr. Ray Perryman, to discuss the Perryman Group’s report findings on the economic impact of non-investment in transmission and the importance of increased transmission for the Rio Grande Valley.
BACKGROUND: Texas is an energy powerhouse. We produce more electricity than any other state, and early investments in grid infrastructure have paid off for us in the long run. However, the grid’s capacity hasn’t caught up with the explosive growth in generation, population, and economic development in the 20 years since Texas made a major investment in transmission lines. As a result, electricity generated in the Rio Grande Valley, East Texas, or the Permian Basin can’t be delivered to the bustling population centers and industries driving increased demand. Instead, that energy ends up curtailed and ultimately wasted. In 2022, transmission congestion cost the state an estimated $2.8 billion worth of energy. Now, a new report from the Perryman Group details additional economic impacts that Texas will face unless the state invests in modernizing and expanding transmission infrastructure and boosts its capacity.
| WHO:Daniel Silva, President and CEO, The Rio Grande Valley PartnershipDr. Ray Perryman, Founder and CEO, The Perryman Group |
| WHAT: Virtual Press Conference |
| WHEN: October 22, 2024, at 10 AM CT |
| WHERE: RSVP using this form below to confirm attendance |
