financetom
Business
financetom
/
Business
/
Texas gas plant proposal rejected from state financing program
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Texas gas plant proposal rejected from state financing program
Sep 6, 2024 1:15 PM

NEW YORK, Sept 5 (Reuters) - Texas energy regulators

have denied public funding requests for a proposed power plant

days after naming the project as a finalist for a new state

program aimed at building out natural gas-fired electricity

generation, state documents show.

The Public Utility Commission of Texas (PUTC) rejected the

application for state-backed funding late on Wednesday for a 1.3

gigawatt natural gas plant proposed by Aegle Power. The

commission said the application "failed to meet due diligence

requirements."

Aegle Power could not immediately be reached for comment.

The application described the project as a joint effort

between Aegle Power and NextEra Energy Resources, a subsidiary

of NextEra Energy Inc. ( NEE/PN ). The PUTC announced last week that

the plant was selected among a small group of projects that

would advance toward securing government-backed funding as part

of the recently established Texas Energy Fund (TEF).

A NextEra official, however, wrote to the PUTC on Monday

saying that NextEra did not know about or consent to being

listed as an applicant with Aegle on the project.

"NextEra is not seeking funding as part of the TEF Program,

is not participating in the project for which NextEra was named,

and hereby requests that NextEra be immediately removed from

PUCT records as a sponsor for the Aegle Power project,"

NextEra's letter said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
HEICO Corporation to Acquire Storied Aviation and Defense Company
HEICO Corporation to Acquire Storied Aviation and Defense Company
Nov 10, 2025
Agrees to acquire Axillon Fuel Containment ROCKMART, GA AND MIAMI, FL / ACCESS Newswire ( ACCS ) / November 10, 2025 / HEICO Corporation ( HEI ) today announced that its Electronic Technologies Group has agreed to acquire Axillon Aerospace's Fuel Containment Business (Axillon Fuel Containment) from affiliates of SK Capital Partners, LP (SK Capital) for cash payable at closing....
AGAE Completes Acquisition of Leading Japanese Vocational High School, Advancing Global Education Expansion Strategy
AGAE Completes Acquisition of Leading Japanese Vocational High School, Advancing Global Education Expansion Strategy
Nov 10, 2025
Tokyo, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Tokyo, Japan – November 10, 2025 – Allied Gaming & Entertainment Inc. ( AGAE ) (“Allied” or the “Company”), a global experiential entertainment and gaming company, is pleased to announce that it has officially completed the acquisition of Saiju School. Founded in 1943, Saiju School is the No. 1 Higher Vocational School (Higher...
Storage Ventures Expands Footprint with Self Storage Portfolio Acquisition in Upstate NY
Storage Ventures Expands Footprint with Self Storage Portfolio Acquisition in Upstate NY
Nov 10, 2025
The six asset portfolio, spanning over 285,000 SF, triples the company’s holdings in the Northeast GREENWICH, Conn.--(BUSINESS WIRE)-- Storage Ventures, a vertically integrated real estate investment management platform focused on self storage and related sectors, today announced the acquisition of five self storage assets totaling approximately 273,000 square feet and one 12,000-square foot retail center in Watertown and Evans...
Akerman Earns Record Number of National Rankings, Honored as
Akerman Earns Record Number of National Rankings, Honored as "2026 Law Firm of the Year" in Leveraged Buyouts & Private Equity Law by Best Lawyers
Nov 10, 2025
NEW YORK, Nov. 10, 2025 /PRNewswire/ -- Akerman is pleased to announce that it has once again been recognized by Best Lawyers as one of the Best Law Firms in the United States in its annual survey. The firm earned 35 national practice rankings and received the singular distinction of being named the 2026 Leveraged Buyouts & Private Equity Law Firm of the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved