US Electric Utilities: TX Field Trip Takes on Nuclear - Texas (TANEO) Preparing to Give Out Cash to Jump Start TX Nuclear Industry

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US Electric Utilities: TX Field Trip Takes on Nuclear - Texas (TANEO) Preparing to Give Out Cash to Jump Start TX Nuclear Industry

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21 Jul 2026 01:00:00 ET │ 9 pages

US Electric Utilities

TX Field Trip Takes on Nuclear - Texas (TANEO) Preparing to Give Out

Cash to Jump Start TX Nuclear Industry

CITI'S TAKE

We hosted a meeting with Texas's Advanced Nuclear Energy Office

recently ahead of their decision on how to allocate $350M of grants to

subsidize nuclear development in Texas. In Texas, the focus is supporting Ryan LevineAC

TX uranium, TX manufacturing, and avoid trying to pick new technology +1-212-816-6555

(staff has political background, not technology so avoiding fusion, etc). We ryan.levine@citi.com

came away thinking projects such as Comanche Peak uprates, AEP's coal Xinru Yin

to nuclear conversion, and nuclear with TX manufacturing ties are more +1-212-816-9080

likely to be supported by the office. If the efforts look successful xinru.yin@citi.com

politically, TANEO may look to expand program via 2027 Texas legislative

session. Amber Zhao

+1-212-816-0644

amber.zhao@citi.com

Texas Looking to Jump Start Nuclear in a "Pro Texas Manner": The Texas

legislature via HB 14 created TANEO to standup a $350M fund to encourage the

development of a Texas nuclear industry. The office (staffed by former senior

political staffers) is looking to leverage Texas's manufacturing capacity, local

uranium mining resources (~8% of total US reserves), and supply chain for reactors

and technologies developed by companies that it supports. The agency is working

on helping companies with air permits, regulatory processes, and land issues. As the

agency deploys capital, it is looking for projects that are likely to succeed (i.e. shovel

ready) and lower on the risk spectrum.