Texas Moves Forward with $5.38B in Loans for 10 GW of New Dispatchable Power Projects

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” phase in which the TEF administrator “will evaluate whether each applicant can sufficiently support the material assertions in its application,” the PUCT said in a memo on Aug. 29.  After the diligence phase, which is scheduled to span between four to eight months, the commission will enter into a loan agreement with successful applicants. First initial loan disbursements could be awarded by Dec. 31, 2025, the regulatory body said.