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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

Midwest ISO Argues Against ComEd Departure

LCG, Jan. 15, 2001--The Midwest Independent Transmission System Operator Inc. said yesterday it has filed a motion with the Federal Energy Regulatory Commission saying that Commonwealth Edison's petition to withdraw from the bulk electric transmission organization might not be in the public interest.

At least six other Midwest utilities have pulled out of the Midwest ISO to join the Alliance Regional Transmission Organization, a for-profit "transco" that stretches westward from the Allegheny Mountains.

The Midwest ISO motion with FERC says that a public interest standard should govern the approval of any withdrawal from the organization. The motion also says that the organization is amenable to change, if that's what it would take to stop the exodus.

"If form of corporate organization is a factor motivating departure from the Midwest ISO or even active consideration of departure by transmission-owning members, then the form of organization can be changed and the Midwest ISO stands ready to incorporate creative input from the Commission and the market participants in the Midwest to do just that," the motion says.

Among the changes the Midwest ISO is thinking of is to transform itself into a Midwest Transmission Coordination Authority that would coordinate multiple interregional transmission systems a sort of super ISO.

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