Reported about 21 hours ago
Texas's effort to fund new natural gas power plants through a $5 billion public loan program is facing significant challenges, as several projects have withdrawn, undermining plans to meet escalating electricity demand. Initial enthusiasm saw 72 applicants, but strict conditions, cost uncertainties, and issues with equipment sourcing have led to project dropouts. Notably, the recent withdrawal of major players like Constellation Energy has raised concerns over the viability of future gas generation in the state amid a competitive energy landscape.
Source: YAHOO