Two More Texas Energy Fund Projects Canceled

DOUG LEWIN | Source: Doug Lewin | Posted 04/17/2025

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Another 1,062 megawatts is out of the Texas Energy Fund; Dr. Rhodes finds significant cost, lower reliability from limiting renewables; bills to limit renewables move forward in the Senate

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The Texas Energy Fund has faced significant setbacks, with the Public Utility Commission (PUC) canceling two more projects, totaling 1,062 megawatts. This brings the total number of canceled or withdrawn projects to seven out of the original 17, amounting to over 4,500 megawatts. The cancellations, attributed to failure to meet due diligence requirements, raise concerns about the future viability of the Texas Energy Fund, which was announced less than eight months ago.

A recent study by Dr. Joshua Rhodes highlights the potential negative impacts of limiting renewable energy development, suggesting that such policies could leave the Electric Reliability Council of Texas (ERCOT) with a significant capacity shortfall by 2030. This could lead to higher electricity costs and threaten grid reliability, ultimately hindering Texas's economic growth. Despite opposition from various stakeholders, the Senate Committee on Business & Commerce has advanced bills that could restrict renewable energy resources, raising alarms about the future of energy policy in Texas and its implications for economic development.

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Two More Texas Energy Fund Projects Canceled

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