From Dallas Express · Dallas Express · · 1m 20s
Texas Energy Fund Adds 5,400 MW Power Capacity
Texas Energy Fund completes nine projects totaling 5,446 megawatts of new power to meet rising electricity demand.
In brief
Texas Energy Fund completes nine projects totaling 5,446 megawatts of new power to meet rising electricity demand. Texas finalized nine power projects under the Texas Energy Fund, adding 5,446 megawatts of capacity to support record electricity demand. Originally reported by Dallas Express.
Texas Energy Fund Update
Texas finalized its ninth loan under the Texas Energy Fund for a 452-megawatt natural gas power plant in Reeves County.
Pecos Power Plant Timeline
Developers expect the Pecos Power Plant to begin supplying the ERCOT grid in 2027.
Power Capacity Impact
The new capacity could provide electricity for approximately 110,000 Texas homes.
ERCOT Demand Records
ERCOT lists an unofficial 2026 peak-demand record of 91,089 megawatts from July 22, up from 85,508 megawatts in 2023.
Total Power Buildout
The eight projects already approved through the Texas Energy Fund represent 4,994 megawatts of new power, adding to 5,446 megawatts with the Pecos project.
Grid Reliability Focus
Public Utility Commission of Texas Chairman Thomas Gleeson said the Pecos facility will include quick-start capability and a design suited for West Texas winters.
Project Partnerships
Pecos Power Plant LLC is developing the project with Mercuria and Continental Resources as co-sponsors.
Texas Energy Fund Background
Texas voters created the Texas Energy Fund through a constitutional election on November 7, 2023.
What it means
Texas finalized nine power projects under the Texas Energy Fund, adding 5,446 megawatts of capacity to support record electricity demand.
