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Texas Wide Open for Business

"Texas continues to garner national attention because of our state's favorable tax climate, tort reform, business-friendly attitude and low cost of doing business."
- Governor Rick Perry 

Utilities
  • Texas is considered the nation's energy capitol. Millions are being invested in the state annually to maintain this standing.
  • Texas is the largest oil and gas producing state in the nation.  The state has 27 petroleum refineries processing over 4.7 million barrels of crude oil per day, accounting for over a quarter of the nation's refining capacity, according to the U.S. Energy Information Administration.
  • Texas leads the nation in electricity production and consumption.  It is also only state with its own power grid, and boasts one of the most robust,well-functioning electric markets in the world.
  • Texas is the nation's leading natural gas producer, accounting for approximately three-tenths of total U.S. natural gas production.  Natural gas-fired power plants account for half the electricity produced in Texas.
  • The Lone Star State is top-ranked for coal production and is the nation's largest producer of lignite coal. 
  • Texas is a major nuclear power generating state, with two nuclear power plants accounting for about one-tenth of the state's electric power production.
  • Although Texas is better known for its oil wells, the state ranks first in the nation for its potential to develop clean, renewable energy resources, including solar energy.
  • Texas is the nation's top wind energy producer and has led the nation in the amount of installed wind capacity for five years, according to 2009 information from the American Wind Energy Association.  If Texas was a nation, it would rank No. 6 for installed wind capacity, according to The Wind Coalition.
  • Compared to many large states, Texas’ regulatory system is less cumbersome and more predictable. Texas is well poised to continue meeting its energy and water needs in large part because it has avoided unnecessary bureaucratic mandates.