Texas, At a Glance
Population: More than 26.9 million
Labor Force: 13.1 million
2014 Gross Domestic Product: $1.648 trillion
2012 Exporting Revenues: $264.7 billion (more than California ($161.9 billion) and New York ($81.4 billion) combined
Texas’ leaders understand that a solid transportation infrastructure is essential to our state’s continued success in economic development.
- Home to Dallas/Fort Worth International Airport, the world’s third-busiest, and Fort Worth’s Alliance Airport, the world’s first industrial airport, North Texas companies can be certain that their people – and their goods – can move easily and quickly throughout the U.S. and beyond.
- Texas’ network of more than 313,210 miles of public roads and more than 10,000 miles of rail is the largest in the nation, including 11 interstate highways and the I-35 NAFTA corridor.
- Texas is the only state with its own fully-contained electric grid, ERCOT.
Competitive Renewable Energy Zones (CREZ)
- Texas offers a diversified energy portfolio – including both local fossil fuels AND abundant renewable energy sources – to meet the future energy demands of our state, which grows by more than 1200 people each day.
- With about 12,335 MW installed, the Lone Star State is the leading state in wind energy generation.
- Ensuring adequate transmission capability is essential to help Oncor provide reliable electric service. Texas has been in a state of steady population and economic growth, which requires the Electric Reliability Council of Texas (ERCOT) and utilities to continuously review transmission capacity. To serve the need of Texas' electric consumers today and in the future, Oncor builds transmission facilities in an economical manner.
- In 2013, Oncor completed its portion of the CREZ initiative, which included the construction of over 1,000 miles of new transmission lines and supporting infrastructure at a cost of approximately $2 billion, which represented more than one-quarter of the statewide CREZ transmission plan. The overall CREZ transmission program has provided the infrastructure necessary to approximately double Texas’ renewable energy goals, as well as providing robust availability of 345 kV transmission to the West Texas area that has assisted in addressing increasing demand from the oil and natural gas industry.