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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

Duke, Williams to Buy Rival Pipeline Project

LCG, Nov. 20, 2000--Subsidiaries of Duke energy Corp. and The Williams Cos. said Friday that planned to purchase the Gulfstream Natural Gas System project from The Coastal Corp. and would scrap plans of their own for the Buccaneer pipeline project.

The two projects are almost identical, bringing natural gas from Alabama, about 750 miles across the Gulf of Mexico, to the Tampa, Fla. area. Gulfstream is about a year ahead of Buccaneer in development and has lined up 10 customers to serve when it becomes operational in 2002.

The sale by Coastal is a requirement of the company's merger with El Paso Energy Corp., set by the Federal Trade Commission. David A. Arledge, chairman and chief executive of Coastal called the sale a "significant step forward" in completing the merger.

"Until the merger is complete, Coastal will continue to develop and market Gulfstream, will ensurethat the project moves forward as scheduled and will remain fully committed to its many stakeholders in Florida," Arledge said.

Cuba Wadlington Jr., president and chief executive of Williams' gas pipeline group, said "We have recognized for some time that the market will support only one new pipeline into the State of Florida. The market will now be able to clearly see a single, viable competing pipeline into the state."

Florida observers agreed. "The conventional thinking from most of the experts was that only one of the pipelines would be approved," said Mark Ferrulo, director of the public interest advocacy organization, the Florida Public Interest Research Group. "The market wouldn't have supported both of the projects."

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