Texas utilities to put up $2 billion to expand electric power grid to carry wind energy

(Photo of high-tension power lines from Flickr and Meridian Productions Inc.)

News Update 3: A group of electric utilities in Texas will invest $2 billion in 1,000 miles of much-needed high voltage power lines, according to regulatory filings. The consortium will put up about 40% of what regulators recently authorized to carry new wind power in the state. The utilities are owned by large investors like Goldman Sachs Capital and Berkshire Hathaway. Expansion of the antiquated power grid is essential to making use of renewable energy in this country. (Source: Reuters)