__________________________________________________________________________________________________ Entergy Texas
However , with the population of Texas projected to reach 40 million by 2050 , continued investment is crucial . The anticipated surge in energy consumption requires the Southeast Texas power grid to have an additional 1600 MW of generation capacity by 2028 , which is approximately 40 percent of Entergy Texas ’ current generation capacity . “ There ’ s exponential growth happening across Texas with an estimated 1000 people moving to the state on a daily basis ,” Eliecer elaborates . “ Our investments over the last three years are still not enough to support the extraordinary growth we ’ re seeing in Southeast Texas . The demand for electricity is still surging , especially with economic growth and accelerated electrification .
Reliability and affordability
“ Electric utilities need to stay one step ahead of this anticipated growth . That ’ s why we recently unveiled our six-step strategic plan , STEP Ahead , which stands for Southeast Texas Energy Plan . Firstly , we want to maintain affordable rates . Based on US Department of Energy EIA public data , our average residential rates are 18 percent below the national average and eight percent lower than average residential rates in Texas . With continuous investment , we hope to continue providing residential rates that are at or below the national average .
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