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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

Massachusetts Okays Electricity Rate Hike for 4 Utilities

LCG, Dec. 5, 2000--The Massachusetts Department of Telecommunications and Energy unanimously voted yesterday to allow increases of between 4 percent and 12 percent in the electric rates charged by three state utilities, despite the 1998 electric restructuring law that mandated a 15 percent rate cut.

Yesterday's decision affects customers of Massachusetts Electric Co., Fitchburg Gas & Electric Co. and Nstar Corp., the holding company for Boston Edison Co. and Cambridge Electric Light Co.

The amount of the increases for the companies depend on filings they will make later this week but are expected to be as high or higher than rate increase requests made in earlier filings.

Bob McLaren, a senior vice president of Mass Electric, said he expects the final rate effective on January 1 "may not be all that far off from what we'd asked for." The utility sought to raise the cost-of-power component of bills from 3.8 cents to just under 5 cents, which would translate to about a 12.3 percent total bill increase for typical householders.

Other increases sought for the standard-offer cost would raise generation rates at Boston Edison from 4.5 to 5.08 cents per kilowatt hour, Cambridge Electric from 3.8 to 4.45 cents, and Fitchburg from 3.8 to 5.112 cents.

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