{"id":870137,"date":"2025-08-04T14:03:45","date_gmt":"2025-08-04T18:03:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nrg-closes-on-texas-energy-fund-loan-for-456-mw-natural-gas-generation-project\/"},"modified":"2025-08-04T14:03:45","modified_gmt":"2025-08-04T18:03:45","slug":"nrg-closes-on-texas-energy-fund-loan-for-456-mw-natural-gas-generation-project","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nrg-closes-on-texas-energy-fund-loan-for-456-mw-natural-gas-generation-project\/","title":{"rendered":"NRG Closes on Texas Energy Fund Loan for 456 MW Natural Gas Generation Project"},"content":{"rendered":"

<\/p>\n

NRG Closes on Texas Energy Fund Loan for 456 MW Natural Gas Generation Project<\/b><\/p>\n

New facility to bring reliable, dispatchable power to Texas by 2026<\/i><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nNRG Energy, Inc. (NYSE:NRG) executed a loan agreement with the Public Utility Commission of Texas (PUCT) and received initial funding for two new natural gas units at the company\u2019s existing TH Wharton power plant as a part of the Texas Energy Fund (TEF) Loan Program. The combined 456 MW nameplate capacity units are expected to start bringing reliable power to the constrained Houston load zone in Summer 2026.<\/p>\n

\n\u201cDemand for electricity across Texas is surging, and we\u2019re working quickly to supply new dispatchable natural gas generation to the grid,\u201d said Robert J. Gaudette, Executive Vice President, President of NRG Business and Wholesale Operations. \u201cOur new units at TH Wharton will add lasting benefits to the surrounding community with the addition of jobs, enhanced grid stability and economic growth. We want to thank Governor Greg Abbott, the Texas Legislature and the PUCT for being great partners in helping power Texas forward.\u201d<\/p>\n

\nAs the state faces significant demand growth from rapid industrial expansion, AI-powered data centers, and residential development, the TH Wharton project will deliver much-needed, reliable power that Texans can depend on for decades to come.<\/p>\n

\nNRG is committed to serving the needs of Texans today and in the future. In addition to the TH Wharton project, NRG has two additional projects at its Cedar Bayou and Greens Bayou sites that are progressing through the TEF due diligence process. In total, NRG\u2019s TEF projects are estimated to bring over 1.5 GW of new natural gas generation to Texas by 2028, providing enough capacity to power over 1.5 million homes during the course of a year.<\/p>\n

About NRG
\n
<\/b>NRG Energy, Inc. is leading the future of energy\u2014now. Our solutions power a smarter, brighter future by helping customers achieve today’s goals while solving for the challenges of tomorrow. Every day, we deliver innovative natural gas, electricity, and smart home solutions to customers large and small across North America. Visit nrg.com<\/a> for more information, and connect with us on Facebook<\/a>, Instagram<\/a>, LinkedIn<\/a>, and X<\/a>.<\/p>\n

Safe Harbor
\n
<\/b>This communication contains forward-looking statements that may state NRG\u2019s or its management\u2019s intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as \u201cwill,\u201d \u201cexpect,\u201d \u201cestimate,\u201d \u201canticipate,\u201d \u201cforecast,\u201d \u201cplan,\u201d \u201cbelieve\u201d and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250730611348\/en\/<\/a><\/span><\/p>\n

Media
\n<\/b>
Erik Linden
\n
609.524.4519
\n
Erik.Linden@nrg.com<\/a><\/p>\n

Investors
\n<\/b>
Brendan Mulhern
\n
609.524.4767
\n
investor.relations@nrg.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Texas<\/p>\n

INDUSTRY KEYWORDS:<\/b> Oil\/Gas Energy State\/Local Public Policy\/Government Utilities<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

NRG Closes on Texas Energy Fund Loan for 456 MW Natural Gas Generation Project New facility to bring reliable, dispatchable power to Texas by 2026 HOUSTON–(BUSINESS WIRE)– NRG Energy, Inc. (NYSE:NRG) executed a loan agreement with the Public Utility Commission of Texas (PUCT) and received initial funding for two new natural gas units at the company\u2019s existing TH Wharton power plant as a part of the Texas Energy Fund (TEF) Loan Program. The combined 456 MW nameplate capacity units are expected to start bringing reliable power to the constrained Houston load zone in Summer 2026. \u201cDemand for electricity across Texas is surging, and we\u2019re working quickly to supply new dispatchable natural gas generation to the grid,\u201d said Robert J. Gaudette, … <\/p>\n

Continue reading “NRG Closes on Texas Energy Fund Loan for 456 MW Natural Gas Generation Project”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-870137","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNRG Closes on Texas Energy Fund Loan for 456 MW Natural Gas Generation Project - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nrg-closes-on-texas-energy-fund-loan-for-456-mw-natural-gas-generation-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NRG Closes on Texas Energy Fund Loan for 456 MW Natural Gas Generation Project - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NRG Closes on Texas Energy Fund Loan for 456 MW Natural Gas Generation Project New facility to bring reliable, dispatchable power to Texas by 2026 HOUSTON–(BUSINESS WIRE)– NRG Energy, Inc. (NYSE:NRG) executed a loan agreement with the Public Utility Commission of Texas (PUCT) and received initial funding for two new natural gas units at the company\u2019s existing TH Wharton power plant as a part of the Texas Energy Fund (TEF) Loan Program. The combined 456 MW nameplate capacity units are expected to start bringing reliable power to the constrained Houston load zone in Summer 2026. \u201cDemand for electricity across Texas is surging, and we\u2019re working quickly to supply new dispatchable natural gas generation to the grid,\u201d said Robert J. 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