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The Texas Tribune
The Texas Tribune
National
By Paul Cobler

Texas’ $7.2 billion loan program for gas power plants has approved two projects in two years

Texas Natural Gas PUC Rafael Anchía Charles Schwertner David Spiller Electricity Calpine TEF The Texas Tribune
Vistra Corp.’s Midlothian Power Plant opened its doors to media on October 15, 2021 to show the plant’s weatherization process. Energy providers like Vistra are preparing their plants for extreme weather conditions following the February winter storm Uri, which disrupted the Texas electric grid and led to the deaths of more than 200 people.
Vistra Corp.’s Midlothian Power Plant. State lawmakers have approved more than $7 billion to provide low-interest loans to companies that agree to build more gas-fired power plants in Texas. (Credit: Shelby Tauber for The Texas Tribune)

When Texas legislators conceived of the Texas Energy Fund in the spring of 2023, its goal of jump-starting the construction of more natural gas power plants to support the state’s strained power grid seemed reasonable.

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