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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

PacifiCorp Asks Oregon for $85 Million Boost

LCG, Nov. 3, 2000--British utility Scottish Power Plc said yesterday its U.S. subsidiary PacifiCorp has filed a rate case with the Oregon Public Utility Commission asking for an overall net rate increase of $85 million over today's retail electricity prices.

The rate hike, if approved, will go into effect eleven months from now, on Oct. 1, 2001.

Scottish Power said most of the increase would offset the increased costs of producing power. In its filings with Oregon and other states, the company said it would need about 9 percent more than current revenues to cover those costs.

The company pointed out that this was a lot less that other utilities in the region need because of PacifiCorp's extensive generation portfolio which allows it to substantially manage its power cost risks.

On Monday, the company made separate filings with regulators in Idaho, Oregon, Utah and Wyoming asking for authority to defer accounting for its excess wholesale electricity costs. Despite its extensive generation portfolio, PacifiCorp has to purchase power now and then. Under deferred accounting the utility will be able to record those costs as they are incurred and then seek recovery in later rate cases.

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