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.