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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

Calpine Plans 1,000 Megawatt Texas Cogenerator

LCG, March 28, 2001-- Calpine Corp. yesterday announced plans to build, own andoperate a 1,000 megawatt natural gas-fired cogeneration plant in Deer Park, Texas, to supplysteam to Shell Chemical Co. and electric power to the wholesale market.

"The Deer Park Energy Center significantly strengthens Calpine's position as the largest independent power producer in Texas," said Peter Hansen, Calpine's director of business development. "It also exemplifies Calpine's ability to meet the stringent thermal energy requirements of a leading industrial consumer, like Shell Chemical, while providing a clean, reliable source of electricity for the growing Texas power market."

Calpine said construction on the plant should begin in July and proceed in two phases. The first phase is scheduled to begin operation by January 2003 and the second, larger phase by June 2004. The plant will consist of four 185 megawatt gas turbines, four heat recovery steam generators and one 260 megawatt steam turbine generator.

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