Texas Greenlights $216 Million Loan for 456 MW Houston Gas Plant

Pipeline & Gas Journal | Source: Pipeline & Gas Journal | Posted 08/29/2025

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Governor Greg Abbott announced on Aug. 4 that the Texas Energy Fund (TEF) has approved a low-interest loan to support construction of a 456-megawatt natural gas power plant in Houston. The project is being developed by NRG Energy Inc. and is expected to begin operations by summer 2026.

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On August 4, Texas Governor Greg Abbott announced the approval of a $216 million low-interest loan from the Texas Energy Fund (TEF) to support the construction of a 456-megawatt natural gas power plant in Houston, developed by NRG Energy Inc. The plant is expected to begin operations by summer 2026 and will help meet the electricity demands of the greater Houston area, ensuring reliable and affordable power for homes and businesses.

The project, which will be built at NRG's existing TH Wharton Generating Station, has total estimated costs of under $360 million. The Public Utility Commission of Texas (PUC) is providing the loan at a 3% interest rate over 20 years. This investment is seen as a significant step towards enhancing Texas's power supply and economic growth, with the project already generating jobs during construction and promising additional permanent jobs once operational.

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Texas Greenlights $216 Million Loan for 456 MW Houston Gas Plant

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