Texas regulators approve $5 billion gas power plant loan program rules

Power companies seeking low-interest loans to build gas-fired plants through a new $5 billion energy fund can begin submitting applications June 1 under rules approved Thursday by Texas utility regulators. The Public Utility Commission made a few tweaks to the Texas Energy Fund’s loan program before passing it unanimously. The funding, which is meant to add so-called dispatchable generation to Texas’ creaky power grid, is the first of four programs being created under the fund.

Texas Prop 7 is so bad, electric companies didn’t want this giveaway The program can support the installation of up to 10,000 megawatts of new or upgraded generation capacity in the ERCOT region, according to the PUC. It targets gas-fired plants that state officials say are needed to ensure power can be available when needed — or dispatchable.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Texas A&M's Kyle Field to host Mexico-Brazil soccer match in JuneAfter months of speculation, a long-rumored clash between global soccer powers Brazil and Mexico at Texas A&M's Kyle Field in June has been confirmed.
Source: ExpressNews - 🏆 519. / 51 Read more »

Texas bluebonnets already blooming in North TexasA combination of rain and warmer temperatures means some bluebonnets are already starting to bloom in parts of North Texas.
Source: FOX4 - 🏆 289. / 63 Read more »

Messin' with Texas Wrapup: Men's Tennis Bounces Back at Texas A&MFollowing its defeat to the Longhorns, ITA 1 (still) Ohio State men's tennis returned to its winning ways with a 6-1 victory over 9 Texas A&M, with seven of the eight Buckeyes in action contributing a win in singles, doubles, or both. The Buckeyes won the doubles point and five out of six singles points, losing only on Court 1.
Source: 11W - 🏆 384. / 55 Read more »

Texas Poor People's Campaign hosts mass assembly at Texas Capitol Saturday afternoonThe Texas Poor People's Campaign hosted a mass assembly at the Texas Capitol to demand that legislators end death by poverty.This event launched a 40-week effo
Source: cbsaustin - 🏆 595. / 51 Read more »

Texas Attorney General sues State Fair of Texas and 4 venuesThe lawsuits are filed against the State Fair of Texas, Meow Wolf in Grapevine, The Lucky Duck in San Antonio, the Factory in Deep Ellum and Texas Trust CU...
Source: dallasnews - 🏆 18. / 71 Read more »

Texas governor, house speaker react on social media to new delay to Texas SB 4The U.S. Supreme Court has indefinitely blocked the implementation of Texas Senate Bill 4.
Source: cbsaustin - 🏆 595. / 51 Read more »