Texas Scorecard by Michael Wilson 9/30/2025
The plant is projected to power more than 180,000 homes by 2028.NRG Energy has once again secured a major taxpayer-backed loan to construct a power plant near Baytown.
Gov. Greg Abbott announced Friday that NRG Energy will receive a $562 million low-interest loan through the Texas Energy Fund to build a new natural gas power plant near Baytown. The 721-megawatt facility is projected to generate enough electricity to power more than 180,000 homes during peak demand and is expected to come online in 2028. The loan carries a 3 percent interest rate and will be repaid over 20 years.
“Texas continues to grow as more people choose to raise their families and build their businesses in the energy capital of the world,” Abbott stated. “This 721 MW investment in the Texas grid will ensure the state continues to meet and provide for this incredible growth with a robust, reliable supply of energy to power Texas homes and businesses.”
More:
https://texasscorecard.com/local/nrg-energy-awarded-562-million-from-texas-energy-fund-for-baytown-natural-gas-plant/
