“This project is another step toward keeping our grid strong and our economy the envy of the world,” Gov. Greg Abbott said.
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natural gas power plant
Rayburn Electric Cooperative acquired the Panda Sherman Power Plant in 2023 and renamed it Rayburn Energy Station 1. The new Sherman power plant, Rayburn Energy Station 2, will be built nearby. [Photo: Rayburn Electric Cooperative]
Texas Energy Fund Backs New Sherman Power Plant With $411M Loan
by David Seeley | Jun 4, 2026
The 570-megawatt natural gas plant is the latest project backed by the Texas Energy Fund to add dispatchable power to the ERCOT region. The loan to Rockwall-based Rayburn Electric Cooperative is the seventh issued through the state’s In-ERCOT Generation Loan Program.
“This project is another step toward keeping our grid strong and our economy the envy of the world,” Gov. Greg Abbott said.
“This project is another step toward keeping our grid strong and our economy the envy of the world,” Gov. Greg Abbott said.
