Multi-million dollar loan set to expand Sherman’s Rayburn Electric facilities

Multi-million dollar loan set to expand Sherman’s Rayburn Electric facilities

A new project is being funded through a Texas Energy Fund loan to Rayburn Electric Cooperative to support the future of the ERCOT region power grid. { "@context": "https://schema.org", "@type":

First Electric Co-op Wins $411M Texas Energy Fund Loan For Sherman Power Plant

Gov. Greg Abbott announced a Texas Energy Fund loan agreement on Thursday to support the construction of a 570-megawatt natural gas power plant in Sherman, with Rayburn Electric Cooperative slated to build and operate the facility. The project is the seventh loan finalized under the Texas Energy Fund’s In-ERCOT Generation Loan Program, which offers low-interest financing for new dispatchable generation tied to the Electric Reliability Council of…

Texas Energy Fund Backs New Sherman Power Plant With $411M Loan

Dallas Innovates, Every Day: Here's what's new + next in North Texas. Rockwall-based Rayburn Electric Cooperative plans to build a 570-megawatt natural gas power plant in Sherman, with a goal of generating power for the Electric Reliability Council of Texas (ERCOT) power region in 2028. Rayburn has secured a loan from the Texas Energy Fund to construct the plant, Gov.…The post Texas Energy Fund Backs New Sherman Power Plant With $411M Loan appea…

$411M Texas Energy Fund Loan North Texas Natural Gas Power Plant Announced

Texas Border Business AUSTIN – Governor Greg Abbott announced the seventh Texas Energy Fund (TxEF) loan agreement for a 570 megawatt (MW) natural gas power plant in Sherman, Texas. Rayburn Electric Cooperative will build the plant, which is expected to begin generating power for the Electric Reliability Council of Texas (ERCOT) power region in 2028. “Texas […] The post $411M Texas Energy Fund Loan North Texas Natural Gas Power Plant Announced ap…