Governor Greg Abbott announced on Tuesday, Oct. 14, that the fourth Texas Energy Fund (TxEF) loan agreement for a 460 megawatt (MW) natural gas power plant in Fairfield, Texas. Calpine Corporation will build the plant which is estimated to begin generating power for the Electric Reliability Council of Texas (ERCOT) power region before summer 2026.
“Texans across our great state are benefiting from the reliable, affordable power that the Texas Energy Fund is helping add to the state grid, with hundreds of megawatts coming online,” said Governor Abbott. “This 460 MW investment will further grow our power supply and keep prices affordable for homes and businesses in North Texas. We will ensure continued reliability for all Texans as we add more power and fortify the state grid.”
“The Texas Energy Fund has now brought nearly 1,800 megawatts of new, reliable power generation to the state of Texas – and there’s more on the way,” said Public Utility Commission of Texas (PUC) Chairman Thomas Gleeson. “We are investing in the future of every region of our state and strengthening the foundation for continued electric reliability and growth.”
