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The Texas Tribune
The Texas Tribune
National
By Kayla Guo

Texas lawmakers question agency's ability to oversee $5 billion energy loan program after initial glitch

PUC Texas Thomas Gleeson Deloitte the Public Utility Commission Nathan Johnson Texas Tribune the University of Texas at Austin
Public Utilities Commission Chairman Thomas Gleeson speaks during a meeting on Thursday, July 11, 2024. Leaders of various energy companies spoke to the committee about the status of their companies in the aftermath of Hurricane Beryl. (Sergio Flores for The Texas Tribune)
Public Utilities Commission Chairman Thomas Gleeson speaks during a meeting on July 11, 2024. (Credit: Sergio Flores for The Texas Tribune)

The Texas agency overseeing a $5 billion low-interest loan program to help build new power plants, and the firm it’s paying millions to manage it, missed red flags on an application and chose the project as a finalist for a loan.

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