Rayburn Electric Cooperative

570 MW Natural Gas Power Plant To Be Built in Sherman With $411M Loan From Texas Energy Fund

by | Jun 4, 2026
The loan to Rockwall-based Rayburn Electric Cooperative is the seventh to date from the fund, TxEF’s In-ERCOT Generation Loan Program, which provides low-interest loans for projects that add new, dispatchable power to the ERCOT region. "This project is another step toward keeping our grid strong and our economy the envy of the world," said Gov. Greg Abbott.
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