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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

SoCal Ed, QFs Reach New Payment Agreement

LCG, Dec. 4, 2001--Southern California Edison Co. said yesterday that it had reached a revised agreement with independent power producers known as "qualifying facilities" for payment of past due bills for wholesale power purchased by the utility to serve its retail customers.

Among the QFs agreeing to the new plan was CalEnergy, operator of a Southern California geothermal complex, which recently brought suit against SoCal Ed. Under the revised plan, that lawsuit will be dropped, SoCal Ed said.

The revised plan amends previous agreements with the QFs to accommodate payment terms incorporated in the utility's October 2 procurement cost settlement with the California Public Utilities Commission.

"We appreciate the large number of (QFs) who have supported our effort to deal fairly and equitably with all creditors and not to single out one group for preferential payments," said SCE chief executive Stephen Frank. "We reaffirm our effort to pay all of our past-due obligations with interest during the first quarter of 2002."

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