The Public Utility Commission of Texas has received 72 applications for loans through the Texas Energy Fund’s In-ERCOT Generation Loan Program.
In total, the applications request $24.41 billion to finance 38,379 megawatts of proposed dispatchable power generation projects in the Electric Reliability Council of Texas region.
PUCT staff will evaluate the applications in the coming weeks. The Commission will determine which projects will proceed to due diligence at the PUCT’s Aug. 29 open meeting.
The In-ERCOT Generation Loan Program will provide low-interest loans to finance new construction or upgrades to existing dispatchable electric generating facilities within the ERCOT power region.
To be eligible for a loan, a proposed project must add a minimum of 100 MW new generation to the ERCOT grid.
The loan may finance up to 60 percent of the cost of the project.
Initial disbursements for approved loans will be issued by December 31, 2025.
The In-ERCOT Generation Loan Program is one of four TEF programs established under the Powering Texas Forward Act.
Texans voted to create the TEF through a constitutional election on November 7, 2023.
The TEF provides grants and loans to finance the construction, maintenance, modernization, and operation of electric facilities in Texas both inside and outside of the ERCOT power region.
