Core Insights - NRG Energy is set to develop a 455-MW gas plant near Houston, supported by a low-interest loan from the state of Texas [1][2] - This project is part of the Texas Energy Fund program, which has now funded six projects exceeding 3.5 GW of new generation capacity [2][3] - The total project cost for the Greens Bayou plant is estimated at less than $617 million, with a loan agreement providing up to $370 million at a 3% interest rate [4] Project Details - The new gas plant will be constructed at NRG's existing Greens Bayou Generating Station in Harris County and is expected to be operational by 2028 [2] - NRG has received support from the Texas Energy Fund for three projects, totaling approximately 1.5 GW of capacity and up to $1.15 billion in low-interest loans [3] - The Public Utility Commission of Texas (PUCT) has also approved loans for other NRG projects, including a $216 million loan for two gas units totaling 456 MW at the TH Wharton Generating Station and a $562 million loan for a 721-MW gas plant near Baytown [4] Future Capacity - There are currently 11 additional applications under the Texas Energy Fund undergoing due diligence, representing a potential 5.4 GW of new capacity in the ERCOT market [5]