# 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.
- Title: Texas Energy Fund Adds 5,400 MW Power Capacity | Shortify
- Summary: Texas Energy Fund completes nine projects totaling 5,446 megawatts of new power to meet rising electricity demand. Texas finalized nine power projects under…
- Keywords: texas energy fund, ercot, power plant, natural gas, renewable energy, electricity demand, texas grid, news, politics, Texas, Energy, Fund
- Source: Dallas Express — https://dallasexpress.com/state/texas-energy-fund-buildout-tops-5400-mw-with-new-pecos-power-plant-loan
- Author: Dallas Express
- Published: 2026-10-08T15:45:34+00:00
- Read time: 1 min
- Topics: texas energy fund, ercot, power plant, natural gas, renewable energy, electricity demand, texas grid, news, politics
## 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.
## Key takeaway

Texas finalized nine power projects under the Texas Energy Fund, adding 5,446 megawatts of capacity to support record electricity demand.