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Texas Greenlights $216 Million Loan For 456 Mw Houston Gas Plant

oil-gas

27 August 2025

Pipeline Gas Journal

oil-gas

Aug 27, 2025

Pipeline Gas Journal

Pipeline Gas Journal

(P&GJ) — Governor Greg Abbott announced on Aug. 4 that the Texas Energy Fund (TEF) has approved a low-interest loan to support construction of a 456-megawatt natural gas power plant in Houston. The project is being developed by NRG Energy Inc. and is expected to begin operations by summer 2026.

“This 456 megawatt investment in the Texas grid will help bear the load of the largest electricity demand area in the state, further ensuring reliable and affordable power for countless homes and businesses in the greater Houston area,” Abbott said.

The new unit will be built at NRG’s existing TH Wharton Generating Station and will connect to the Electric Reliability Council of Texas (ERCOT) Houston Load Zone, which includes Houston, Pasadena, and The Woodlands.

Under the agreement, total project costs are estimated at under $360 million. The Public Utility Commission of Texas (PUC) is providing a 20-year TEF loan of up to $216 million, or 60% of the cost, at a 3% interest rate. The loan term runs from July 31, 2025, through July 30, 2045.

“This new power plant marks another major investment in Texas and in the ERCOT grid, helping prepare our state’s power supply to meet the demands of the future,” said PUC Chairman Thomas Gleeson.

NRG’s Robert J. Gaudette, executive vice president and president of NRG Business and Wholesale Operations, said construction of the project is already generating jobs. “Once online next year it will provide additional permanent jobs, enhanced grid stability, and regional economic growth,” he said.

The TEF loan program was created to add new, dispatchable power to ERCOT through low-interest financing. In addition to this loan, one other TEF project has already been approved, representing a combined 578 MW of new capacity. Fifteen more applications are under review, totaling 8,392 MW of proposed generation.

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Pipeline Gas Journal

Ctci Wins $910 Million Epc Contract For Taiwan Lng Regas Facility

Ctci Wins $910 Million Epc Contract For Taiwan Lng Regas Facility

Pipeline Gas Journal

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Pipeline Gas Journal

Texas Greenlights $216 Million Loan For 456 Mw Houston Gas Plant

Texas Greenlights $216 Million Loan For 456 Mw Houston Gas Plant

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Oman’S Abraj Gets $220M Oil Drilling Contract Extension

Oman’S Abraj Gets $220M Oil Drilling Contract Extension

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Pipeline Gas Journal

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Gas Processing and LNG

Petrochina Proposes To Buy Gas Facilities From Cnpc In $5.59-B Deal

Petrochina Proposes To Buy Gas Facilities From Cnpc In $5.59-B Deal

Gas Processing and LNG

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Pipeline Gas Journal

450-Mile Eiger Express Pipeline Gets Green Light For Permian-To-Gulf Natural Gas Transport

450-Mile Eiger Express Pipeline Gets Green Light For Permian-To-Gulf Natural Gas Transport

Pipeline Gas Journal

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Pipeline Gas Journal

Enterprise Closes $580 Million Purchase Of Occidental Gas Gathering System

Enterprise Closes $580 Million Purchase Of Occidental Gas Gathering System

Pipeline Gas Journal

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Cenovus To Acquire Oil Sands Producer Meg For $5.7 Billion

Cenovus To Acquire Oil Sands Producer Meg For $5.7 Billion

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Pipeline Technology Journal

Cpp Investments Sells Us$1.4 Billion Stake In Peruvian Gas Pipeline To Eig

Cpp Investments Sells Us$1.4 Billion Stake In Peruvian Gas Pipeline To Eig

Pipeline Technology Journal

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Pipeline Gas Journal

Eversource Replacing 18,600 Feet Of Connecticut Gas Lines With Modern Plastic Pipe

Eversource Replacing 18,600 Feet Of Connecticut Gas Lines With Modern Plastic Pipe

Pipeline Gas Journal

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Pipeline Gas Journal

Targa Resources Tops Profit Estimates On Record Gas Volumes, Expands $1 Billion Buyback

Targa Resources Tops Profit Estimates On Record Gas Volumes, Expands $1 Billion Buyback

Pipeline Gas Journal

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Milbank Advises Ypf On $500 Million Acquisition Of Totalenergies Oil And Gas Blocks

Milbank Advises Ypf On $500 Million Acquisition Of Totalenergies Oil And Gas Blocks