Texas to Consider $5.4 Billion Loans for New Natural Gas Plants

The Public Utility Commission of Texas will review the extension of $5.38 billion worth of low-interest loans to companies planning nearly 10 gigawatts (GW) of new natural gas-fired capacity in a bid to boost generation capacity for ERCOT. The Texas regulator said that it had selected a total of 17 projects of proposed new dispatchable power generation and a total requested loan amount of $5.38 billion under the so-called In-ERCOT Generation Loan program of the Texas Energy Fund. These projects will now advance to the due diligence stage, the Commission…