For years, Texas politicians have fretted: What will it take for companies to build more natural gas power plants for the state’s strained power grid?
As it turns out, for a growing number of developers, even the Texas government handing out taxpayer-backed loans is not sufficient.
Four companies have pulled their projects from consideration from the $5 billion Texas Energy Fund , citing various financial and logistical challenges. Another project was denied loans last fall after one company listed on the application accused the other sponsoring company of fraud…