Texas Gas Plant Funding Rejected by Regulators

Texas Gas Plant Proposal Rejected by State Financing Program

In a recent development, Texas energy regulators have declined public funding for a proposed power plant, though it was previously named a finalist for a new state initiative. This initiative aims at expanding natural gas-fired electricity generation. According to state documents, the Public Utility Commission of Texas (PUTC) turned down the funding application for the 1.3 gigawatt plant proposed by Aegle Power.