New Era, Powerco and TCDC sign Macquarie Bank letter of credit reimbursement deal

NUAI•2026-10-08

New Era Energy & Digital said Powerco and TCDC entered a letter of credit reimbursement agreement with Macquarie Bank on Oct. 7, 2026. Macquarie issued a $116 million standby letter of credit in favor of Luminant, and TCDC guarantees Powerco’s obligations; both are jointly and severally liable.

New Era, Powerco and TCDC sign Macquarie Bank letter of credit reimbursement deal

1. Agreement and guarantee

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