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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

AEP to Buy Houston Pipe Line Co. from Enron

LCG, Jan. 12, 2001American Electric Power Co. said yesterday it had signed an agreement for its AEP Energy Services Gas Holding Co. subsidiary to acquire Houston Pipe Line Co. from Enron Corp. through a stock purchase. Financial terms were not disclosed.

Houston Pipe Line owns or leases, and operates, one of the most extensive and flexible natural gas gathering, transportation and storage operations in Texas. Its intrastate system includes more than 4,400 miles of pipe with capacity of approximately 2.4 billion cubic feet per day and the operation of one of the largest storage facilities in North America with a capacity of approximately 118 billion cubic feet and significant injection and withdrawal capacity.

Paul Addis, an AEP executive vice president, said the deal "will enhance AEP's natural gas business with its multiple connections into the production areas of Texas, its numerous interconnects with intrastate and interstate pipelines, and its position in and around Houston as a premier provider of natural gas."

AEP said the transaction should close before summer, The deal requires certain regulatory approvals and is subject to an anti-trust waiting period.

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