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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

Montana Power Gets Farther Away from Power

LCG, June 26, 2001Montana Power Co. said this morning it has arranged to buy out the remaining term of a power supply contract with an industrial customer, removing the former electric utility's exposure to uncertain future energy prices.

The agreement involves a one-time payment by Montana Power of $62.5 million to Advanced Silicon Materials LLC and ends, as of June 30, the power supply contract that was in effect until the end of next year.

Montana Power will soon be entirely out of the power business and will be a telephone company called Touchamerica, or maybe Touch America.

Bob Gannon, Montana Power's chief executive, said "This action terminates a legacy industrial energy-supply obligation on generally favorable terms, and the contract has been removed from our agreement with North Western Corp., the buyer of our utility business."

"We have enjoyed a good working relationship with Montana Power," said Advanced Silicon's Mike Kerschen. "They were an excellent partner, and we are happy to support their need to transition away from energy to telecommunications."

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