Texas regulators have denied state funding to a proposed 1.3-gigawatt natural gas-fired power plant, due to the applicant failing to meet due diligence, days after shortlisting the project as eligible to receive low-interest rate loans from the Texas Energy Fund. The Public Utility Commission of Texas (PUCT) denied the application from NextEra and Aegle Power for the In-ERCOT Generation Loan Program of the newly established fund.
“The application has failed the due diligence phase of the loan application process, and the project will not…Texas Denies State Funding to 1.3 GW Natural Gas Plant Project
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