Texas lends $562 million at 3% interest

To add dispatchable electric power fueled by natural gas

Texas, in ERCOT and outside ERCOT, uses a systems approach to building the sources for the electric grid.

This program provided 3% loans for qualifying plants building dispatchable electricity. The owners hope to provide the first kWh for sale in 2028. Three more years of construction of solar and batteries will have occurred by then.

NRG will own this…