Public Utility Commission of Texas moves projects forward in Texas Energy Fund Loan program

Last week, the Public Utility Commission of Texas (PUCT) announced it had selected projects to move forward in the application process for the Texas Energy Fund (TEF) Loan program.

Officials said the PUCT commissioners selected 17 project representing nearly 10,000 Mws of proposed dispatchable power generation and a total requested loan amount of $5.38 billion.

“This is an enormous step forward in our on-going work to meet the fast-growing demand for electricity in our state,” PUCT Chairman Thomas Gleeson said. “Each application was closely analyzed, and the projects selected to advance will have the greatest impact in meeting the needs of the ERCOT grid and ensure long-term electric reliability in Texas.”

The total proposed capacity is 9,781 Mw, officials said. Applications were evaluated based on the applicant’s experience and strength of financing as well as the proposed project’s technical and financial attributes. Commissioners also indentified five priorities for developing a portfolio of projects to advance to the next phase of the review process – diversity among applicant types, diversity in siting location, speed to market, ability to relieve transmission constraints, and diversity of generation resource type.

The applicants now move on to the due diligence phase of the project.

The post Public Utility Commission of Texas moves projects forward in Texas Energy Fund Loan program appeared first on Daily Energy Insider .