"State approves $562 million Texas Energy Fund loan for power plant near Baytown" was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues.

NRG Energy will receive a $562 million low-interest loan through a state fund intended to boost the construction of new natural gas power plants, Gov. Greg Abbott announced Friday. It’s the third and largest loan announced under the Texas Energy Fund.

The loan will allow the company to move forward with the construction of a 721 megawatt unit at their Cedar Bayou Generating Station near Baytown, according to a news release.

The loan more than doubles the amount of money distributed — and the power generation expec

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