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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

Restraints against Foreign Uranium Worry Carolinas

LCG, Jan. 24, 2001In a letter to the U.S. Department of Commerce, members of the Congressional delegations of North and South Carolina say that if a petition by U.S. Enrichment Corp., the only American supplier of fuel for nuclear power plants, is granted it could mean higher fuel costs for U.S. nuclear power plants.

More than half of South Carolina's electricity is generated in nuclear power plants, and almost a third of North Carolina's.

In a letter released yesterday, the lawmakers say that if USEC wins its trade complaint against Urenco, a British-Dutch-German consortium, and Eurodif of France it "would only serve to raise costs for utilities and consumers at a time when U.S. energy costs are rising."

The letter was signed by South Carolina Reps. Lindsey Graham and Jim DeMint, both Republicans, and John Spratt, a Democrat. North Carolina Reps. Richard Burr, Sue Myrick and Howard Coble, all Republicans, also signed the document.

The ITC, in a preliminary finding, agreed with USEC that it has been injured or faces the threat of injury from uranium sale by the European companies. The Commerce Department will now consider whether European governments have unfairly subsidized Urenco and Eurodif.

USEC is the world's leading source of enriched uranium fuel for nuclear power plants, but has suffered financially recently from an ill-starred contract to process and sell uranium recovered from Soviet weapons.

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