Advertisement

Texas to Release Details of $5 Billion Power-Development Fund

(Bloomberg) -- Texas regulators will release details Thursday of a $5 billion energy fund intended to spur development of new power projects in a state plagued by years of electricity glitches.

Most Read from Bloomberg

The information will be released by the Public Utility Commission, member Jimmy Glotfelty said in an interview at the CERAWeek by S&P Global conference in Houston on Wednesday.

Glotfelty was tight-lipped about the breakdown of low-interest loans versus grants but expects the fund to be oversubscribed. He’s heard there are 12 to 15 developers looking to build more than 5,000 megawatts of capacity.

For more on CERAWeek by S&P Global, click here for our TOPLive blog.

Most Read from Bloomberg Businessweek

©2024 Bloomberg L.P.