NRG Energy will develop two gas units totaling 456 MW of capacity at its existing TH Wharton Generating Station in Houston, using a low-interest loan from the Texas Energy Fund that voters approved in 2023, state regulators announced on Aug. 4.
The loan agreement between the Public Utility Commission of Texas and NRG is the second finalized under the TEF’s In-ERCOT Generation Loan Program, designed to incentivize development of new gas plants in the Electric Reliablility Council of Texas market.
ERCOT, the grid operator for most of Texas, is anticipating about 152 GW of new load by 2030…