Chevron Subsidiary Seeks Texas Tax Break for Power Plant to Fuel Microsoft Data Center
By
Molly Taft
Hot, fresh, and worth queueing round the block for.
Summary
Chevron subsidiary Energy Forge One is seeking a state tax abatement in Texas worth hundreds of millions of dollars to build a gas-fired power plant in West Texas. The plant will not serve residential customers but will instead power a data center that may eventually be used by Microsoft. The Texas Comptroller's office has recommended approval of the application, marking the first such approval under the program. This comes as Texas lawmakers begin scrutinizing incentives for data centers.
Key quotes
· 3 pulledChevron subsidiary Energy Forge One has filed an application with the State Comptroller's board to obtain a tax abatement for a power plant it's building in West Texas.
In late January, the comptroller's office made a recommendation to support the application's approval—the first such approval under the program
The move could save the oil company hundreds of millions, even as Texas lawmakers start looking at reining in incentives for data centers.
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