On July 30, 2025, NRG Energy, Inc. executed a loan agreement with the Public Utility Commission of Texas (PUCT) under the Texas Energy Fund (TEF) Loan Program. The company received initial funding for two new natural gas units at its existing T.H. Wharton power plant.
These combined 456 MW nameplate capacity units are expected to begin supplying reliable power to the constrained Houston load zone by Summer 2026. The loan, provided at a low-interest rate of 3%, supports the development of critical dispatchable generation.
In addition to the T.H. Wharton project, NRG has two other projects at its Cedar Bayou and Greens Bayou sites that are progressing through the TEF due diligence process. In total, NRG’s TEF projects are estimated to bring over 1.5 GW of new natural gas generation to Texas by 2028.
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