$5 Billion Texas Energy Program Stalls ...Middle East

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$5 Billion Texas Energy Program Stalls
source : OILPRICE ( Middle East ) () 64
Supply chain constraints and higher cost have forced energy companies to withdraw eight projects to build gas-fired power plants in Texas under a $5-billion state loan program, the Financial Times reported on Tuesday.  The Public Utility Commission of Texas (PUCT) is currently reviewing the extension of $5.38 billion worth of low-interest loans to companies planning nearly 10 gigawatts (GW) of new natural gas-fired capacity in a bid to boost generation capacity for ERCOT.   The Texas Energy Fund was established in 2023…

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