PUCT to begin accepting applications for Texas Energy Fund Completion Bonus Grant Program

Odessa American, Texas | Source: Yahoo | Posted 01/01/2025

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The Completion Bonus Grant Program will provide performance-based grants to qualifying projects for the construction of new dispatchable electric generating facilities in the Electric Reliability Council of Texas (ERCOT) power region, or the addition of new dispatchable electric generating units at existing facilities that provide power to the ERCOT power region.

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The Public Utility Commission of Texas (PUCT) will be launching the Texas Energy Fund (TEF) Completion Bonus Grant Program, beginning on January 1, 2025. This program aims to provide performance-based grants to projects involved in constructing new dispatchable electric generating facilities in the ERCOT power region or adding units to existing facilities within ERCOT that contribute power. Projects must increase the ERCOT grid's dispatchable generation capacity by a minimum of 100 MW to qualify for the grant.

Qualified applicants interested in the Completion Bonus Grant must submit an application via the TEF Portal and a submission statement on the PUCT Interchange under Project No. 57308. Resources to aid applicants are offered on the TEF Online website, and detailed information on eligibility and the application process can be found in PUCT rule 16 TAC §25.511, which was adopted by the PUCT on April 25, 2024. The TEF, established under the Powering Texas Forward Act, was voted into existence through a constitutional election in November 2023 and aims to provide funding for electric facility construction and maintenance inside and outside the ERCOT power region.

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PUCT to begin accepting applications for Texas Energy Fund Completion Bonus Grant Program

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