Public Utility Commission approves Texas Energy Fund rules

Energy regulators approved an incentive program to build natural gas-fueled power plants, such as this one operated by Vistra in Midlothian. AUSTIN – State energy regulators have finalized rules for a taxpayer-backed multibillion-dollar program designed to encourage the construction of new natural gas power plants.

Several major power plant developers that operate in Texas — including NRG, Vistra Corp. and Calpine — have already signaled that they will participate in the Texas Energy Fund. The program also offers government-backed, low-interest loans to power plant companies. The PUC approved rules for the loan program on March 21.

That proposal failed to gain traction in the House, and efforts shifted toward an incentive package for natural gas power plants. The program places a premium on the construction of on-demand power plants and is not open to solar and wind power.

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Colorado Public Utility Commission opens investigation into Xcel Energy following preemptive power outagesRobert Garrison is a Colorado native who grew up in Montrose and attended Colorado Mesa University in Grand Junction. He is an AP award-winning journalist who joined Denver7 in August 2016 after working for several other stations across Colorado and Oklahoma over the past decade.
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