Texas regulators have denied state funding to a proposed 1.3-gigawatt natural gas-fired power plant, due to the applicant failing to meet due diligence, days after shortlisting the project as eligible to receive low-interest rate loans from the Texas Energy Fund. The Public Utility Commission of Texas (PUCT) denied the application from NextEra and Aegle Power for the In-ERCOT Generation Loan Program of the newly established fund. “The application has failed the due diligence phase of the loan application process, and the project will not…
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