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Calpine Closes Texas Energy Fund Loan for 460-MW Pin Oak Creek Peaking Facility

LCG, October 14, 2025--Calpine Corporation today announced the close of a Texas Energy Fund (TxEF) loan agreement to support development of the Pin Oak Creek project, a 460-MW, natural gas-fired peaking facility adjacent to Calpine's Freestone Energy Center, a gas-fired combined-cycle facility located on approximately 506 acres near Fairfield, Texas.

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Greenflash Infrastructure Closes Transaction for ERCOT's Largest Battery Storage Project Under Construction

LCG, October 7, 2025--Greenflash Infrastructure, L.P. ("Greenflash") today announced that it has successfully closed a hybrid tax capital and debt financing for Project Soho - a 400MW / 800MWh standalone battery storage project in Texas.

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Industry News

Allegheny Energy to Build 1,080 Megawatt Arizona Plant

LCG, Oct. 19, 2000--Allegheny Energy Inc. said yesterday that its unregulated generation subsidiary plans to build a 1,080 megawatt natural gas-fired merchant generating facility in Arizona, about 75 miles west of Phoenix.

Allan J. Noia, chief executive of Allegheny Energy, said "This facility will give us our first generating capacity in the western United States and shows we are making significant progress toward becoming a national energy supplier."

Allegheny Energy Supply Co. is expected to begin construction of the $540 million combined-cycle facility sometime in 2002, with commercial operation scheduled for 2005. Output from the plant will be sold into wholesale markets served by the Western Systems Coordinating Council, including most of the western U.S. and Canada.

Arizona's La Paz County looks forward to the revenue the plant will produce. Joyce Barker, a county supervisor, said "Our county will see a big boost in the economy during construction, as well as several million dollars in increased tax revenue once it is complete."

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