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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

El Paso Tests Market for Two California Gas Lines

LCG, May 14, 2001El Paso Corp. said Friday that two of its pipeline subsidiaries are holding "open seasons" to test the market for possible expansion of natural gas lines from the Southwest into California.

Open seasons are a period of time during which gas shippers are invited to place firm bids for capacity on a proposed pipeline or pipeline expansion.

El Paso's Mojave Pipeline Co. began an open season last Thursday which will run until May 31 for a proposed expansion to a pipeline carrying gas from Topock, Ariz. on the California border near Needles to Antioch in the San Francisco East Bay and on to Sacramento.

El Paso Natural Gas Co. will on May 25 close an open season begun May 1 for a project that would add capacity on a line from Ehrenberg, Ariz., a border town 80 miles south of Topock near Blythe, Calif. to Dagget, Calif. to a point near Barstow.

The announcement came as El Paso Natural Gas Co. and El Paso Merchant Energy, which is a gas marketer belonging to El Paso Corp., were preparing to defend themselves against charges they used market power to drive up the price of natural gas in California, where prices are the highest in the nation.

This morning in Washington, a federal administrative law judge will begin proceedings brought by the California Public utilities Commission, Pacific Gas & Electric Co. and Southern California Edison Co. charging that the El Paso units manipulated the market, adding $3.7 billion to the cost of gas in the state over the past 12 months.

El Paso is not alone in seeking to expand gas deliveries into California, as a host of new electric power plants, some already under construction, is expected to increase demand dramatically. Other firms that have announced plans to build new lines or expand existing facilities include the Transwestern unit of Enron Corp., PG&E's National Energy Group, the Kern River Transmission subsidiary of The Williams Cos., Southern California Gas Co., Calpine Corp., Kinder Morgan and Questar Corp.

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