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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

Sierra Pacific Sells Water Assets To Truckee Meadows

LCG, Jan. 16, 2001--Sierra Pacific Resources Inc. said yesterday it sell its water business in the Reno-Sparks area of Nevada to the Truckee Meadows Water Authority for $350 million. The transaction is expected to close in spring.

The water supply and distribution business serves more than 72,000 customers and has about 85 employees. The water company assets include modern treatment facilities and distribution infrastructure, hydroelectric facilities located on the Truckee River and certain water rights and storage rights at Donner and Independence Lakes in the high Sierras.

Jeff Ceccarelli, president of Sierra Pacific Power Co., said, "This is a very good outcome for us and TMWA. Their bid was evaluated against our selection criteria which included price, time to close the deal, and the ability to handle the important customer and employee issues."

Sierra Pacific said that proceeds from the sale will be used for reduction of debt and for investment in the company's core businesses of electric and gas distribution and transmission.

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