Texas lawmakers question PUC's management of $5B loan program after mishandling Aegle Power application.
Texas lawmakers are questioning the Public Utility Commission's (PUC) ability to manage a $5 billion loan program, the Texas Energy Fund, after it mishandled an application from Aegle Power, raising concerns about the vetting process. As the PUC expands its responsibilities post-2021 winter storm, experts suggest it may need more resources. Lawmakers are urging a pause on program expansion until the oversight processes are strengthened.
September 16, 2024
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