Affiliate Of Texas Retail Supplier Withdraws Generation Project From TEF Loan Program

Paul Ring | Source: Energy Choice Matters | Posted 02/18/2025

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ENGIE Flexible Generation NA LLC has filed at the Texas PUC to withdraw its Perseus generation project from the PUC's Texas Energy Fund (TEF) In-ERCOT Loan Program

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ENGIE Flexible Generation NA LLC has officially withdrawn its Perseus generation project from the Texas Energy Fund (TEF) In-ERCOT Loan Program, as filed with the Texas Public Utility Commission (PUC). The project, which was proposed to be a 900 MW peaker, had previously advanced to the due diligence phase. However, ENGIE cited equipment procurement constraints and other factors that would delay the project, making it impossible to meet the required initial loan disbursement deadline of December 2025.

In light of this withdrawal, ENGIE expressed hope that another applicant could utilize the available loan funds. Although ENGIE had proposed another project, the 483 MW Spenser peaker, it was at an earlier development stage and not suitable as a replacement for Perseus. Consequently, ENGIE also withdrew the Spenser application from the program. The company remains committed to evaluating and pursuing projects within ERCOT to ensure reliable energy generation for Texas consumers.

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Affiliate Of Texas Retail Supplier Withdraws Generation Project From TEF Loan Program

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