Texas lawmakers charged with overseeing the state’s $5 billion fund for new gas-fired generation have taken aim at the consulting firm managing the Texas Energy Fund.

Texas regulators have approved ERCOT’s reliability plan for the petroleum-rich Permian Basin that could rely on the state’s first use of 765-kV transmission facilities.

Texas regulators have rejected the second-largest project from its portfolio of potential generation resources that would be built with state funds.

The Texas Public Utility Commission selected 17 generation projects for further review as part of a $5 billion loan program intended to add dispatchable, or thermal, generation to the ERCOT grid.

Vistra says it plans to add nearly 2 GW of gas-fired capacity to the ERCOT grid over the next year and seek loans through the Texas Energy Fund.

CenterPoint Energy says it has reduced the number of outages following May 16's devastating derecho from 922,000 to nearly 15,000.

Texas regulators have adopted a new rule establishing the Texas Energy Fund In-ERCOT Generation Loan Program, a $5 billion fund designed to bring new dispatchable power projects to the state.

Texas voters are voting on a constitutional amendment that would create a nearly $10 billion state fund for dispatchable energy that opponents say amounts to a handout for the gas industry.