popular articles

United States: PUTC refuses to finance a gas-fired power plant in Texas

The Public Utility Commission of Texas refuses to fund an Aegle Power gas-fired power plant project despite an initial screening, exposing discrepancies over eligibility criteria and partner transparency.

Please share:

The Public Utility Commission of Texas (PUTC) has rejected Aegle Power’s application for funding for a 1.3 gigawatt gas-fired power plant.
The rejection comes despite the recent announcement that the project had been selected as one of the finalists for the Texas Energy Fund (TEF), a program designed to support the production of electricity from natural gas.
The regulator’s decision highlights discrepancies over eligibility criteria and the transparency of the partners involved in the project.

Controversy surrounding NextEra’s involvement

The Aegle Power project, presented as a partnership with NextEra Energy Resources, was called into question after NextEra indicated that it had never agreed to be involved in the funding application.
In a letter to the PUTC, a NextEra official clarified that the company was not involved in the project and was not seeking any funding under the TEF.
This clarification raised questions about communication and coordination between potential partners, and the implications for the assessment of projects by regulators.

Regulatory Rigor and Texas Energy Strategy

The PUTC’s rejection of Aegle Power’s financing application illustrates the increased rigor of regulatory criteria and the need for enhanced due diligence.
As Texas strives to meet growing energy demand, regulators must balance the selection of viable projects with full transparency of the players involved.
This situation also highlights the challenges project developers face when navigating the state’s complex regulatory framework.

Prospects for Natural Gas Projects

The rejection of this funding request comes at a time when Texas is looking to boost its energy production capacity, particularly from natural gas, to ensure the reliability of the power grid in the face of peak consumption.
However, the PUTC’s criteria for selecting TEF-funded projects appear to be stricter than expected, particularly with regard to the clarity of partnerships and the commitment of industrial players.
This rejection could prompt other potential applicants to review their applications and improve coordination with their partners.

Impacts on Energy Developers

For power plant developers, this episode demonstrates the need for a rigorous approach when presenting projects to the authorities.
The Texas energy sector, already undergoing a transformation with increasing renewable generation capacity and gas supply challenges, faces strict compliance rules.
Companies must ensure that all aspects of their proposals are aligned with regulators’ expectations, and that all stakeholders are in agreement on project terms.
This situation highlights the growing demands for transparency and clarity in energy development projects.
In a context where energy supply remains a strategic priority for Texas, collaboration between regulators, companies and other stakeholders is crucial to the future of energy in the state.

Register free of charge for uninterrupted access.

Publicite

Recently published in

OX2 has acquired its first onshore wind power project in Australia, planning a capacity of 1 GW and integrating a battery energy storage system. Located north of Perth, this project marks a key milestone in the company's expansion in the Australian market.
The energy ministries of Israel and Cyprus are discussing a historic agreement for the export of natural gas, marking the first sale of Israeli gas in Europe via a pipeline.
The energy ministries of Israel and Cyprus are discussing a historic agreement for the export of natural gas, marking the first sale of Israeli gas in Europe via a pipeline.
North West Shelf condensate cargoes in Australia scheduled for December are valued lower as end-users reduce orders due to weak petrochemical margins.
North West Shelf condensate cargoes in Australia scheduled for December are valued lower as end-users reduce orders due to weak petrochemical margins.
Turkey Facing the Expiration of Major Gas Contracts in 2025-2026
Turkey Facing the Expiration of Major Gas Contracts in 2025-2026
Hiroshima Gas builds two LPG tanks for lean LNG
The CGT of GRDF denounces the extension of the lifespan of gas pipelines from 45 to 100 years, highlighting security risks and controversial economic motivations.
The CGT of GRDF denounces the extension of the lifespan of gas pipelines from 45 to 100 years, highlighting security risks and controversial economic motivations.
Iberdrola to Double UK Energy Investment to GBP24 Billion
Iberdrola to Double UK Energy Investment to GBP24 Billion
Thailand’s Gulf Energy is considering a contract for seven LNG cargoes per year for 2025-2026. Current offers are linked to JKM with a spread of 20-30 cents/MMBtu, in line with other similar Thai contracts.
Thailand’s Gulf Energy is considering a contract for seven LNG cargoes per year for 2025-2026. Current offers are linked to JKM with a spread of 20-30 cents/MMBtu, in line with other similar Thai contracts.
Russia has unveiled its first domestic gas turbine, the GTD-110M, at the Udarnaya power plant. This development, intended to replace Western technologies, marks a crucial step towards its energy independence.
Libya's National Oil Corporation (NOC) has restored its oil production to 1.22 million barrels per day (bpd) after disruptions caused by internal conflicts. This recovery marks a temporary stabilization, but the political context remains unstable.
Libya's National Oil Corporation (NOC) has restored its oil production to 1.22 million barrels per day (bpd) after disruptions caused by internal conflicts. This recovery marks a temporary stabilization, but the political context remains unstable.
The expiration of the gas transit agreement between Russia and Ukraine highlights the energy and economic challenges for the European Union, Russia, and Ukraine, exacerbating Europe's dependence on Russian gas and geopolitical tensions.
The expiration of the gas transit agreement between Russia and Ukraine highlights the energy and economic challenges for the European Union, Russia, and Ukraine, exacerbating Europe's dependence on Russian gas and geopolitical tensions.
MiQ announced the certification of the Grain LNG terminal in the United Kingdom, Europe's largest, thereby providing increased transparency on emissions for American exporters targeting European buyers.
MiQ announced the certification of the Grain LNG terminal in the United Kingdom, Europe's largest, thereby providing increased transparency on emissions for American exporters targeting European buyers.
Moscow has confirmed that no negotiations are underway with Baku to use Russian infrastructure to transport Azerbaijani gas to Europe, thus replacing Russian gas transiting through Ukraine.
ADNOC Gas has suspended the expansion project of Das Island LNG, redirecting its investments towards other strategic initiatives. This decision comes as part of its strategy to increase production capacity and meet the growing global LNG demand.
ADNOC Gas has suspended the expansion project of Das Island LNG, redirecting its investments towards other strategic initiatives. This decision comes as part of its strategy to increase production capacity and meet the growing global LNG demand.
Russian gas deliveries via Ukraine reached 1.26 billion cubic meters in September, representing 39% of the contractual volume. The transit agreement between Russia and Ukraine will expire at the end of the year, raising concerns about European supply.
Russian gas deliveries via Ukraine reached 1.26 billion cubic meters in September, representing 39% of the contractual volume. The transit agreement between Russia and Ukraine will expire at the end of the year, raising concerns about European supply.
Natural gas consumption in the United States increased by nearly 5% over the first nine months of 2024, despite federal initiatives to promote renewable energy, reinforcing the country's key role in the global energy sector.
Natural gas consumption in the United States increased by nearly 5% over the first nine months of 2024, despite federal initiatives to promote renewable energy, reinforcing the country's key role in the global energy sector.
Norwegian energy companies Equinor, Aker BP and Vår Energi see their offshore oil and gas projects undergo significant cost increases, mainly due to inflation, delays and currency fluctuations.
Europe makes significant progress in securing its gas supplies for winter, even with the imminent end of the gas transit agreement between Ukraine and Russia.
Europe makes significant progress in securing its gas supplies for winter, even with the imminent end of the gas transit agreement between Ukraine and Russia.
Japan, South Korea, and Italy are strengthening their cooperation in the LNG sector, with key partnerships to secure supplies and optimize costs.
Japan, South Korea, and Italy are strengthening their cooperation in the LNG sector, with key partnerships to secure supplies and optimize costs.
The discovery of a vast natural gas deposit in the Colombian Caribbean could double the country's energy reserves, according to Ecopetrol and Petrobras.
The discovery of a vast natural gas deposit in the Colombian Caribbean could double the country's energy reserves, according to Ecopetrol and Petrobras.
McDermott has signed an engineering, procurement, construction, and installation (EPCI) contract with QatarEnergy LNG for the North Field South project, thereby strengthening its presence in Qatar's energy sector.
Wholesale electricity prices in the western United States are rising due to an unprecedented heat wave, leading to record-breaking demand forecasts and weather advisories in Southern California and the Southwest.
Wholesale electricity prices in the western United States are rising due to an unprecedented heat wave, leading to record-breaking demand forecasts and weather advisories in Southern California and the Southwest.
The new Alexandroupolis LNG terminal in Greece strengthens energy diversification in Eastern Europe, thereby reducing regional dependence on Russian gas and increasing supply security.
The new Alexandroupolis LNG terminal in Greece strengthens energy diversification in Eastern Europe, thereby reducing regional dependence on Russian gas and increasing supply security.
New Zealand Energy Corp. has started drilling the Tariki-5 well in partnership with L&M Energy. Monumental Energy, a shareholder in the company, is closely monitoring this new step aimed at boosting gas production in the Taranaki region.
New Zealand Energy Corp. has started drilling the Tariki-5 well in partnership with L&M Energy. Monumental Energy, a shareholder in the company, is closely monitoring this new step aimed at boosting gas production in the Taranaki region.

Advertising