The Houston-based company received a $216 million loan from the state’s Texas Energy Fund.
NRG Energy has opened its first new power plant in over a decade, funded in part by a loan from the state’s Texas Energy Fund.
So far, NRG has received more than $1 billion in taxpayer-funded loans through the Texas Energy Fund.
The $10 billion fund was established through a combination of state legislation and a voter-approved constitutional election in 2023. The fund was created to improve power grid reliability. Most of the funds have been dedicated to building natural gas plants, according to the Houston Chronicle,…