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CPV Basin Ranch and Texas Energy Fund Ink Deal for 1,350 MW ERCOT Project

  • Last Updated on November 1, 2025

Competitive Power Ventures (CPV) and the Public Utility Commission of Texas (PUCT) have executed a $1.1 billion low-interest Texas Energy Fund (TxEF) loan to build a 1,350-megawatt combined-cycle natural gas power plant in the Permian Basin. The project will immediately transition to construction with operations expected to start in 2029. CPV Basin Ranch Energy Center,

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