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NRG Energy will receive a $562 million low-interest loan through a state fund intended to boost the construction of new natural gas power plants, Gov. Greg Abbott announced Friday. It’s the third and largest loan announced under the Texas Energy Fund.

The loan will allow the company to move forward with the construction of a 721 megawatt unit at their Cedar Bayou Generating Station near Baytown, according to a news release.

The loan more than doubles the amount of money distributed — and the power generation expected to be created — since state lawmakers launched the Texas Energy Fund in 2023 to help strengthen the state’s strained power grid.

"Texas continues

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