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Abbott announces Texas Energy Fund loan for 860 MW of new power in West Texas
By Odessa American at Odessa American (oaoa.com)
· June 24, 2026
· 2 min read
AUSTIN Governor Greg Abbott on Wednesday announced the eighth Texas Energy Fund (TxEF) loan for 860 megawatts (MW) of new, reliable power in Ward County, enough electricity to power approximately 215,000 Texas homes. Vistra is building the project, which consists of two new natural gas units at i...
Key takeaway “This new 860-MW project will strengthen grid reliability in West Texas, support economic growth in the Permian Basin, and help ensure Texans have the power they need for years to come.
Why this matters in The Odessa
The announcement of the Texas Energy Fund loan for 860 MW of new power in Ward County has significant implications for the Odessa community. With the Permian Basin Power Plant expansion expected to generate power for the Electric Reliability Council of Texas region by 2028, local residents can expect a more reliable energy supply to support the area's growing population and economy. This project will also contribute to the region's economic growth, creating new opportunities for businesses and industries that rely on a stable energy infrastructure. As the Permian Basin continues to experience rapid growth, the need for reliable and efficient energy solutions becomes increasingly important. The fact that Vistra is building on existing infrastructure in the area highlights the company's commitment to investing in the local community and supporting its expanding energy needs.
About this story
Original reporting by Odessa American (oaoa.com) . The Odessa surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Odessa American (oaoa.com) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 24, 2026 ·
Source: Odessa American (oaoa.com) ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? AUSTIN Governor Greg Abbott on Wednesday announced the eighth Texas Energy Fund (TxEF) loan for 860 megawatts (MW) of new, reliable power in Ward County, enough electricity to power approximately 215,000 Texas homes. Vistra is building the project, which consists of two new natural gas units at i...
When was this published? This article was first published on June 24, 2026 by Odessa American (oaoa.com) and curated for The Odessa readers.
Who reported this story? This story was reported by Odessa American at Odessa American (oaoa.com). To learn more about how The Odessa selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Odessa, or browse our daily briefing and topic hubs .
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