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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

Florida Power 530 Megawatt Plant Approved

LCG, Dec. 22, 2000--Florida Power Corp. said yesterday the Florida Public Service Commission has unanimously approved its request for permission to build a second 530 megawatt natural gas-fueled, combined-cycle power plant at the company's Hines Energy Complex in Polk County, east of Tampa.

The company said the new unit, scheduled to be in service by the end of 2003, will be a sister to the already operating Hines Unit 1 which began operations last year. The new Hines Unit 2 will be built by Siemens-Westinghouse, Florida Power said.

"Building Hines 2 is just one of the many ways Florida Power will meet its commitment to customersto provide competitively priced, reliable energy as the region continues to grow," said Florida PowerPresident William Habermeyer. "This new power plant ensures that we will be able to meet the growing energy needs of our customers."

There remains a regulatory hurdle for the new plant which requires Supplemental Site Certification from the Florida Department of Environmental Protection. The company filed for the certificate this last July and expects approval before next summer.

In California, that would take two or three years.

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