# Texas Energy Fund Loan: Empowering Texas' Energy Future | USLege

> Texas Energy Fund loan supports infrastructure, expands renewable projects & secures the state’s energy future. Learn more here.

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# Texas Energy Fund Loan: Empowering Texas' Energy Future

Governor Abbott Announces $216M Texas Energy Fund Loan for NRG's Houston Power Plant

TXBIZNEWS August 11, 2025

This article is preserved from the TXBIZNEWS archive. [Read the complete original issue](https://uslege.beehiiv.com/p/txbiznews-ccd9ea9fd4ccbcc7). For current coverage, read [The Political Spotlight](/newsletters).

Governor Greg Abbott announced a second Texas Energy Fund (TEF) loan agreement to fund a 456 megawatt (MW) natural gas power plant in Houston, built by NRG Energy Inc. (NRG), with operations expected by Summer 2026, as detailed in a press release last week.

> Today, Governor [@GregAbbott\_TX](https://twitter.com/GregAbbott_TX?ref_src=twsrc%5Etfw) announced a Texas Energy Fund loan to support a 456 MW natural gas power plant in Houston.  
>   
> This investment will ensure reliable, dispatchable power for generations of Texans.  
>   
> More: [https://t.co/b78kMoDKfL](https://t.co/b78kMoDKfL) [pic.twitter.com/lp3nuMDjF8](https://t.co/lp3nuMDjF8)
> 
> — Governor Abbott Press Office (@GovAbbottPress) [August 4, 2025](https://twitter.com/GovAbbottPress/status/1952440231807836247?ref_src=twsrc%5Etfw)

**The Details:**

-   Governor Abbott said, “This 456 megawatt investment… will help bear the load of the largest electricity demand area in the state, ensuring reliable and affordable power.”
-   The Public Utility Commission (PUC) is providing a 20-year, $216 million loan at 3% interest, covering 60% of the $360 million project cost, to serve the ERCOT Houston Load Zone.
-   PUC Chairman Thomas Gleeson noted, “The Texas Energy Fund is accomplishing… securing reliable, on-demand power to fuel Texas’ rapid growth.”
-   NRG’s Robert J. Gaudette added, “The development… is already providing significant construction jobs and will enhance grid stability.”
-   The plant, at the TH Wharton Generating Station, will create permanent jobs and support the fifth-largest U.S. metro area, including Houston and Pasadena.

**Why It Matters:**  
This project strengthens Texas’s energy grid and economy amid growing demand, with 15 additional TEF projects proposing 8,392 MW.

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