Smells like the governor who is a known sycophant to capital has gotten some heat among the public on data center roll out, so in comes industry seeking to self regulate itself no doubt in such a way that pulls up the ladder behind it while also not stymieing its own operations with any regulation that might actually have some teeth that might affect profitability. This is Texas after all, this is what the state seems to be for. Abbot knows his role.
Abbot may very well be corrupt, but this letter does nothing to show that. The last thing I saw is ERCOT and PUCT will be involved with the auditing of the electricity and water usage [1] which would seem to indicate that it won't be the AI industry regulating itself. It seems like OpenAI wants to regulate itself, but Abbot is currently opposed to it. Could he change his mind? Of course, but the current situation appears to be the exact opposite of what you are thinking is happening.
[1] https://gov.texas.gov/news/post/governor-abbott-directs-comp...