peaker plants
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InterviewThe POWER Interview: NRG’s Case for Bring Your Own Power—and the Labor to Build It
NRG Energy on Aug. 4 unveiled its first Bring Your Own Power (BYOP) project, a 1.2-GW combined-cycle plant in Texas supported by a 15-year contract with an investment-grade “leading global cloud and artificial-intelligence hyperscaler.” The $3.2 billion facility, backed by a customer parent guarantee, is targeted for commercial operation in late 2029 and could be […]
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Energy SecurityTexas Issues First Performance-Based Grant Under Energy Fund for LCRA’s New 188-MW RICE Peaker
The Public Utility Commission of Texas (PUCT) has executed its first agreement under the Texas Energy Fund (TxEF) Completion Bonus Grant (CBG) Program, awarding the Lower Colorado River Authority (LCRA) up to $22.56 million for its 188-MW Timmerman Power Plant Unit 1, a new natural gas–fired plant in Caldwell County, Texas. The agreement marks the operational launch of Texas’s performance-contingent funding mechanism, which is designed to accelerate […]