Texas’ $7.2 billion loan program for gas power plants has approved two projects in two years

Shelby Tauber for The Texas Tribune

“ Texas' $7.2 billion loan program for gas power plants has approved two projects in two years ” was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues.

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When Texas legislators conceived of the Texas Energy Fund in the spring of 2023, its goal of jump-starting the construction of more natural gas power plants to support the state's strained power grid seemed reasonable.

In the two years since that vote, however, experts say the energy market has turned against the development of gas-fire