Texas to Release Details of $5 Billion Power-Development Fund

(Bloomberg) -- Texas regulators will release details Thursday of a $5 billion energy fund intended to spur development of new power projects in a state plagued by years of electricity glitches.

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The information will be released by the Public Utility Commission, member Jimmy Glotfelty said in an interview at the CERAWeek by S&P Global conference in Houston on Wednesday.

Glotfelty was tight-lipped about the breakdown of low-interest loans versus grants but expects the fund to be oversubscribed. He’s heard there are 12 to 15 developers looking to build more than 5,000 megawatts of capacity.

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