White & Case advises NRG Energy, Inc. on Texas Energy Fund Loan For 456 MW natural gas generation project

Global law firm White & Case LLP has advised NRG Energy, Inc. (NRG), a leading North American energy and home services company, on its loan agreement with the Public Utility Commission of Texas and initial funding for two new natural gas units at the company's existing TH Wharton power plant as part of the Texas Energy Fund (TEF) Loan Program.

The combined 456 MW nameplate capacity units are expected to start bringing reliable power to the Houston load zone in the summer of 2026 to assist in powering Texas's rapid industrial expansion, AI-powered data centers and residential development.

In addition to the TH Wharton project, NRG has two additional projects at its Cedar Bayou and Greens Bayou sites that are progressing through the TEF due diligence process. In total, NRG's TEF projects are estimated to bring more than 1.5 GWs of new natural gas generation to Texas by 2028.

The White & Case team was led by Project Development and Finance partner Raymond Azar and Debt Finance partner Eliza McDougall (both in New York), and included partners A.J. Ericksen, David Strickland, Sean Gorman, Jason McCoy, Taylor Pullins (all in Houston), David Pezza (Chicago), F. Paul Pittman and Serena Rwejuna (both in Washington, DC); partner of counsel Sylvia Fung Chin (New York); counsel Marietou Diouf, Richard Graham, Heidi Schmid and Isaac Tendler (all in New York); and associates Joan Martinez, Clarissa Lotson, Mazin Elhag (all in New York), Luke Allen (London), Dara Brown, Aaron Bryant, Otto Nuñez-Montelongo, Jackie Triggs (all in Washington, DC) and Jessica Chen (Houston).

White & Case previously advised NRG on its US$12 billion acquisition of a portfolio of natural gas generation facilities and a commercial and industrial virtual power plant platform from LS Power in May 2025, as well as NRG's agreement to acquire six power generation facilities from Texas-based Rockland Capital, LLC in March 2025.

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