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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 Asks for Okay on 1,100 Megawatt NorCal Plant

LCG, March 30, 2001Calpine Corp. said yesterday it has filed an application with the California Energy Commission seeking authorization to build a 1,100 megawatt natural gas-fueled, combined-cycle merchant power plant in Northern California's San Joaquin Delta area, near the town of Bethany.

Calpine noted that its filing marks the beginning of an extensive commission licensing process required to build and operate an electricity generating facility in California.

Calpine's East Altamont Energy Center will be built next to a substation owned by the federal Western Area Power Administration. Because of WAPA's involvement, it will serve as lead agency for a federal Environmental Impact Statement review that will proceed at the same time as the Energy Commission review.

Calpine hopes that all approvals can be received in time to begin construction of the new plant in the middle of next year. If so, commercial operation could begin by mid-2004.

The interconnect with WAPA's substation will permit the plant's output to be moved to customers in the San Francisco East Bay, the Central Valley and other Northern California markets.

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