$38.9 billion in proposed Texas gas plants overwhelm expectations

The Public Utility Commission of Texas (PUC) said last week that power developers in the state submitted 125 formal applications under the Texas Energy Fund (TEF) for the development of almost 56 gigawatts of new natural gas power generation in the coming years. Deadline for applications was Friday, June 7, for companies, co-ops and municipalities to apply for low interest financing and grants available under the fund.