Texas Energy Fund

The Texas Energy Fund (TEF), a flagship loan program designed to boost the state’s dispatchable generation, faced its first setback on Sept. 4 when the Public Utility Commission of Texas (PUCT) denied Aegle Power’s loan application for a 1,292-MW combined cycle generating facility in Harlingen—its second-largest shortlisted facility. The PUCT said Aegle Power’s application, filed […]

The Public Utility Commission of Texas (PUCT) has shortlisted 17 gas-fired “dispatchable” generation projects—a combined 9,781 MW—that will advance to receive $5.38 billion in loaned funds under the Texas Energy Fund (TEF) In-ERCOT Loan Program. The 17 proposed new projects in the PUCT’s loan portfolio, chosen from 72 applications, now proceed to a “due diligence” […]

Texas’ plan to add more natural gas-fired power generation capacity, supported by money from a newly created energy fund, received a boost when several companies announced their intention to file applications to build new facilities under the program. Vistra on May 30 said it plans to add as much as 2 GW of gas-fired generation […]

The interim CEO of Texas-based NRG Energy Inc. said the company plans to apply for up to $900 million in loans from the state in order to finance construction of new natural gas-fired power plants. Larry Coben, who was appointed interim CEO in November 2023 after the resignation of long-time CEO Mauricio Gutierrez, on Feb. […]