Power generation company Calpine Corp. plans to develop more natural gas-fired plants in Texas after the Public Utility Commission of Texas (PUCT) delivered a plan to incentivize, not control, private investment, according to the firm.

Houston-based Calpine disclosed it intends to move forward with the construction of a 425 MW gas-fired plant near the existing Freestone Energy Center southeast of Dallas. The facility could be completed by mid-2026, according to the firm.

Executive Vice President of Corporate Operations Caleb Stephenson said the company was encouraged to proceed with the Freestone project and other investments in Texas after the PUCT adopted the performance credit mechanism (PCM) to encourage grid investment.

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