Governor Greg Abbott announced a second Texas Energy Fund (TEF) loan agreement to fund a 456 megawatt (MW) natural gas power plant in Houston, built by NRG Energy Inc. (NRG), with operations expected by Summer 2026, as detailed in a press release last week.
Today, Governor @GregAbbott_TX announced a Texas Energy Fund loan to support a 456 MW natural gas power plant in Houston.
This investment will ensure reliable, dispatchable power for generations of Texans.
More: bit.ly/4mbhiba
— #Governor Abbott Press Office (#@GovAbbottPress)
6:43 PM • Aug 4, 2025
The Details:
Governor Abbott said, “This 456 megawatt investment… will help bear the load of the largest electricity demand area in the state, ensuring reliable and affordable power.”
The Public Utility Commission (PUC) is providing a 20-year, $216 million loan at 3% interest, covering 60% of the $360 million project cost, to serve the ERCOT Houston Load Zone.
PUC Chairman Thomas Gleeson noted, “The Texas Energy Fund is accomplishing… securing reliable, on-demand power to fuel Texas’ rapid growth.”
NRG’s Robert J. Gaudette added, “The development… is already providing significant construction jobs and will enhance grid stability.”
The plant, at the TH Wharton Generating Station, will create permanent jobs and support the fifth-largest U.S. metro area, including Houston and Pasadena.
Why It Matters:
This project strengthens Texas’s energy grid and economy amid growing demand, with 15 additional TEF projects proposing 8,392 MW.
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