Dickens County
Pro-Data Center Policies
Dickens County’s enacted agreements give tax abatements to two named data center projects, making them more financially attractive, while requiring some payments for local services and nonprofits; the full terms aren’t specified.
Incentives
Tax benefits
County approves tax abatements for the Galaxy II and III projects; the attached accessible reporting does not establish the abatement percentages or duration. Approval report.
current law · County project: Galaxy Helios I data center project at 984 County Road 112 near AftonThis county tax-abatement agreement concerns Galaxy Helios I, LLC’s data center project in Dickens County.Dickens County Galaxy Helios I, LLC Tax Abatement Agreement (2025)
People behind it
- Galaxy Helios I LLC
Registrant and applicant for the TCEQ Air Standard Permit registration for the facility in Dickens County, Texas.
- Texas Commission on Environmental Quality
State agency responsible for processing and administering the Air Standard Permit registration.
- Austin Storms
Company official who signed and submitted the permit application on behalf of Galaxy Helios I LLC.
Restrictions & requirementsHide restrictions & requirements10
Galaxy Helios I must register the facility under TCEQ Standard Permit 6005 before proceeding under that air-permitting authorization.
The application requires technical documentation, including a process flow diagram, process description, maximum-emissions calculations, and a plot plan; missing key information can result in an automatic deficiency and voiding of the project.
The applicant must demonstrate compliance with both the general requirements in 30 TAC Sections 116.610 and 116.615 and the individual requirements of the specific standard permit.
The standard-permit registration carries a $900 registration fee, plus a $500 expedite fee, for a total stated fee of $1,400.
The facility must pay any delinquent TCEQ or Attorney General fees or penalties before the registration will be processed.
If the site is subject to the federal operating-permit requirements of 30 TAC Chapter 122, approval of the standard permit can trigger additional requirements, including an initial application or revision for a federal operating permit.
The $1.4 billion project loan is secured by all assets of Galaxy Helios I and its equity interests, and the loan commitments mature on August 15, 2028 unless terminated earlier.
Until stabilization, Galaxy Helios I must maintain a maximum loan-to-cost ratio of 80% on the closing date and each fiscal quarter thereafter; beginning with the first full quarter after stabilization, it must maintain a minimum debt-service coverage ratio of 1.40.
The credit agreement limits Galaxy Helios I's ability, subject to exceptions, to incur indebtedness or liens, make investments, enter into affiliate transactions, or undergo fundamental changes.
Borrowings used to finance the data center carry interest at one-month Term SOFR, subject to a 2.50% floor, plus a 4.75% margin, along with potential upfront, undrawn, termination, and prepayment-premium fees.
Benefits & exceptionsHide benefits & exceptions4
A $1.4 billion senior secured term-loan facility is available to finance the Dickens County data center’s development and construction, related project expenses, and financing costs. The facility matures on August 15, 2028, and borrowings carry one-month Term SOFR subject to a 2.50% floor plus a 4.75% margin, along with other fees. The proceeds ... will be used to finance the development and construction of a data center.
The project company’s obligations are secured by all of its assets and equity interests, while Galaxy Digital’s assets are excluded; Galaxy Digital Holdings LP provides completion and limited-recourse carve-out guarantees. These terms support the project’s construction financing but limit the lender’s collateral claims against the parent company. The obligations ... are secured by all assets of Galaxy Helios I.
The facility is pursuing authorization through TCEQ Air Standard Permit 6005 using an initial Standard Permit registration for the permanent facility. The application includes the required process description, emissions calculations, plot plan, and other technical information, providing a defined permitting pathway for construction and operation. Initial Application and Standard Permit Claimed: 6005.
The TCEQ registration includes a $500 expedite fee in addition to the $900 registration fee, allowing the applicant to request expedited processing of the standard-permit registration. ($900 registration fee and $500 expedite fee).
Sources
current law · County project: Data processing facilities owned by Galaxy Helios I, LLC, Galaxy Helios II, LLC, Galaxy Helios III, LLC, and CoreWeave, Inc.These county-approved agreements provide local tax abatements connected to Galaxy II and Galaxy III data center development in Dickens County.Dickens County Galaxy II and Galaxy III Tax Abatement Agreements (2025)
What this means
The measure offers tax abatements to named data center projects, making building and operating them more financially attractive. The agreements also include payments benefiting local services and nonprofits, so the incentive comes with some obligations; the sources do not specify the full terms. tax abatements
People behind it
- Galaxy Helios I, LLC
Applicant and owner of a data processing facility proposing a Chapter 312 tax abatement agreement with Dickens County.
- CoreWeave, Inc.
Applicant and owner of a data processing facility identified in the Chapter 312 tax abatement public-hearing notice.
- Galaxy Helios II, LLC
Applicant submitting a Chapter 312 tax abatement application to Dickens County.
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- Galaxy Helios III, LLC
Applicant submitting a Chapter 312 tax abatement application to Dickens County.
- Dickens County Commissioners Court
County governing body responsible for considering, accepting, and approving the Chapter 312 tax abatement agreements and applications.
Restrictions & requirementsHide restrictions & requirements1
Applicants seeking Chapter 312 tax abatements must undergo a public hearing and obtain Commissioners Court action: the county scheduled a public hearing concerning possible tax-abatement agreements for Galaxy Helios I, LLC and CoreWeave, Inc., and later placed acceptance of the Galaxy Helios II and III applications on the Commissioners Court agenda. This creates an approval and public-process requirement for receiving the abatements, but the sources do not impose a construction or operating ban.
Benefits & exceptionsHide benefits & exceptions1
Chapter 312 property-tax abatements are available for the data-center projects: the County considered an abatement agreement for Galaxy Helios I and CoreWeave, and later accepted applications for Galaxy Helios II and III. The sources do not specify the abatement percentage, duration, or other eligibility conditions. possible approval of tax abatement agreements accept Galaxy Helios II LLC Chapter 312 Tax Abatement Application commission approves Galaxy II, III abatements
Sources
Specific to Dickens County only.
pending · County project: Galaxy Helios I LLC facility at 984 County Road 112 near AftonThis county action concerns termination of an existing tax-abatement agreement for Galaxy Power, LLC Phase 1A, a data-center-related project.Dickens County Agreed Termination of Galaxy Power, LLC Phase 1A Tax Abatement Agreement (2025)
What this means
The measure would temporarily stop data-center development while the county reviews the issue, making it substantially harder to start or expand a project during that time. Other records show only modest paperwork or permit costs and do not offset this major short-term barrier.
Restrictions & requirementsHide restrictions & requirements12
A data center operating as a self-generator must register or re-register with the Public Utility Commission of Texas under 16 TAC § 25.109.
Self-generator registrations must be renewed every two years.
The registration must provide detailed information about each generating unit, including its location, county, capacity, fuel or generation type, interconnecting transmission service provider, ERCOT region, and any co-located load.
The registration must identify primary and secondary emergency contacts, a regulatory contact, and the facility’s physical address.
The registration must include a notarized affidavit affirming the information’s accuracy and completeness, the registrant’s authority to file, compliance with applicable law and rules, and the absence of specified disqualifying violations.
Qualified facilities and exempt wholesale generators must attach applicable Federal Energy Regulatory Commission registration documentation.
Previously registered power generation companies and self-generators were required to complete the full registration form as a compliance update by June 1, 2023.
Construction and operation of the generating equipment require registration under TCEQ Air Standard Permit 6005 before authorization is granted.
The TCEQ registration requires payment of a $1,400 fee, consisting of a $900 registration fee and a $500 expedited-processing fee.
The applicant must demonstrate compliance with the general requirements in 30 TAC §§ 116.610 and 116.615 and with the applicable requirements of the specific standard permit.
The application must include technical materials such as a process flow diagram, process description, maximum-emissions data and calculations, and a plot plan.
The application must provide projected construction and operation dates and identify how long the equipment will remain at the site; the application states that the generating units are permanent once installed.
Benefits & exceptionsHide benefits & exceptions11
Allows data centers as an eligible land use in designated areas, subject to the regulation’s siting and development requirements.
Creates a permitting process for constructing, expanding, and operating data centers rather than leaving approval solely to case-by-case discretion.
Authorizes economic-development agreements and other available incentives, including potential tax abatements, for qualifying data-center projects.
Allows the county to coordinate or enter agreements for infrastructure needed by an approved data center, including utilities, roads, and related improvements.
Protects projects that have received required approvals, and potentially existing lawful facilities, from retroactive application of later regulatory changes, subject to continued compliance with applicable conditions.
Allows Galaxy Helios I LLC to register as a self-generator with a 327.2 MW diesel backup-generating unit to supply its data center during a system-wide grid outage or loss of grid interconnection service; the registration is for backup generation and the company states it does not intend to sell electricity at wholesale.
Allows the project to use TCEQ Standard Permit 6005 through an initial registration instead of an individualized air-permit application.
Permits expedited processing of the TCEQ registration upon payment of a $500 expedite fee in addition to the $900 registration fee.
Identifies public notice as not applicable to the TCEQ registration, avoiding the public-notice process for that application.
Allows the TCEQ registration to be submitted through ePermits without sending additional copies to the regional office or local air-pollution-control programs.
Identifies the facility and generating units as permanent once installed, allowing the authorized equipment to remain at the site rather than limiting it to a temporary operating period.
Sources
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