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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

Former DOE Official Says Yucca Not a Strong Barrier

LCG, Feb. 7, 2002--The geologic formations at Nevada's Yucca Mountain are not as likely to prevent air and water pollution by radioactive waste as was once thought during early research on the potential nuclear waste storage facility, according to a former Department of Energy official.

Man-made containers used to store nuclear waste would provide most of the protection against leakage, John W. Bartlett stated in an affidavit released to The Washington Post. Bartlett headed a federal project for storing nuclear waste in Nevada for the Department of Energy from 1990 to 1993.

A DOE spokesman, Joe Davis, countered that the federal agency is committed to Yucca Mountain and has followed "the opinion of the scientific community as a whole in saying that man-made and natural barriers would ensure that we could protect the public if we built (the facility at) Yucca Mountain."

Bartlett, now a consultant to the state of Nevada, said that the DOE, in order to respond to Congress' emphasis on updated environmental standards in the selection of a storage site, had altered its "site suitability" rules so that prevention of contamination could depend more heavily upon the use of advanced storage containers.

In the affidavit, Bartlett said, "the project has become simply an array of engineered waste packages that happen to be located 1,000 feet underground." The DOE issued revised rules in December of 2001. In January, Energy Secretary announced that he would recommend Yucca Mountain as the best national site for nuclear waste storage to President Bush.
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