The Public Utility Commission received 72 applications for loans through the Texas Energy Fund’s In-ERCOT Generation Loan Program. These applications request $24.41 billion to finance over 38 megawatts of proposed dispatchable power generation projects. PUC staff will review applications in the upcoming weeks. The Commission will determine which projects will proceed to the due diligence process at the PUC’s August 29 meeting. The In-ERCOT Generation Loan Program will provide low-interest loans to finance new construction or upgrades to existing dispatchable electric generating facilities within the ERCOT power region. To be eligible for a loan, a proposed project must add a minimum of 100 MW new generation to the ERCOT grid. The loan may finance up to 60 percent of the cost of the project. Additional information about the TEF and the In-ERCOT Generation Loan Program can be found here.