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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

FPL, Coastal Begin Building 535 Megawatt Texas Plant

LCG, Jan. 18, 2001FPL Energy said yesterday that construction has begun on a 535 megawatt natural gas-fueled power plant near Austin, Texas. The facility will be jointly owned by FPL and Coastal Power Co. and FPL will operate it.

But those distinctions will not matter in a month or so, as the parent companies for both parties expect to complete their merger. FPL Group Inc., which also owns Florida Power & Light Co., and The Coastal Corp. announced a year ago today their plans to merge and expect to complete the deal within weeks.

The new power plant, which will be called the Bastrop Energy Center, is located adjacent to the transmission systems of the Lower Colorado River Authority and Austin Energy. The Texas Colorado River is not the same one that flows through the Grand Canyon.

The companies said they expect to complete construction of the new plant in the spring of next year.

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