NYSE:NRGElectric Utilities
Should NRG Energy’s (NRG) $370 Million Texas Loan for New Gas Plant Change Investor Perspectives?
Earlier this week, NRG Energy announced it has secured a US$370 million loan from the Texas Energy Fund to finance construction of a new 455-megawatt natural gas-fired power plant at its Greens Bayou Generating Station near Houston, with commercial operation expected in 2028.
This loan marks NRG's third and final project supported through the Texas Energy Fund, bringing total program funding to US$1.15 billion across around 1.5 gigawatts of generation projects aimed at boosting grid...