Starting January 1, 2025, the Public Utility Commission of Texas (PUCT) is rolling out a groundbreaking opportunity for Texas' energy future. The Texas Energy Fund (TEF) Completion Bonus Grant Program is set to deliver performance-based grants aimed at bolstering the state's electric reliability. Think bigger grids, stronger systems, and a power infrastructure ready to meet tomorrow's challenges.

The Completion Bonus Grant Program isn’t just any initiative—it's a strategic investment in Texas’ energy backbone. The program focuses on funding projects within the Electric Reliability Council of Texas (ERCOT) power region, either through brand-new dispatchable electric generating facilities or by upgrading existing ones. And the bar is set high: qualifying projects must bring a minimum of 100 megawatts (MW) of new dispatchable generation capacity to the ERCOT grid.

From Application to Action

For applicants ready to seize this opportunity, the process starts on the TEF Portal with an accompanying submission statement on the PUCT Interchange (Project No. 57308). Resources to simplify the process are available online, and eligibility requirements are crystal clear in PUCT’s official rule, 16 TAC §25.511, adopted in April 2024.

PUCT’s Completion Bonus Grant Program stands as one of four initiatives under the Powering Texas Forward Act, a voter-endorsed mandate passed in November 2023. The Texas Energy Fund (TEF) was born out of this initiative, designed to finance the creation, upkeep, and modernization of electric facilities across Texas—including areas beyond the ERCOT power region.

A Vote for the Future

This isn’t just about keeping the lights on; it’s about future-proofing Texas’ energy infrastructure for the next generation. Texans’ overwhelming approval of the constitutional amendment to create the TEF highlights their trust in the state’s vision. The fund ensures resources are strategically allocated, from grants to loans, fostering a sustainable energy future.

Why It Matters

Texas is no stranger to energy challenges. From extreme weather to soaring demand, the state needs a resilient, reliable, and robust energy system. The PUCT, with its nearly 50-year legacy, remains at the helm, guiding Texas through innovation and investment.

For those interested in contributing to Texas' energy evolution, the Completion Bonus Grant Program is a call to action. This isn’t just an opportunity; it’s a responsibility to ensure that Texas’ energy landscape remains strong, stable, and secure.

Stay updated and learn more about the program’s requirements, benefits, and application process by visiting the PUCT website.