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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

South Korea Plans 10 More Nukes

LCG, July 12, 2001The Republic of Korea said in Seoul yesterday that it plans to add 10 new electric power nuclear reactors over the next 10 years to keep pace with growing electricity demand.

Nuclear power plants now supply 40.9 percent of South Korea's electricity, and that percentage won't grow under the program. The addition of the new plants, which will have a combined capacity of 10,800 megawatts, will barely cover expected increases in demand.

Prime Minister Lee Han-dong is chairman of a special government committee which announced the plan to complete two new reactors next year, another two in 2006, two more in 2008 and another four by 2011.

A spokesman for the Ministry of Science and Technology said some of the reactors are already under construction. Eight will have a generating capacity of 1,000 megawatts each and the other two will produce 1,400 megawatts of power.

In 2011, when the program is complete, South Korea will have 24 reactors producing about 40 percent of the nation's electricity. The prosperous south of the Korean Peninsula has the industrial capability to construct nuclear power plants without outside help.

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