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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

California Attorney General Files Suit Against Four Power Companies

LCG, April 10, 2002-Once again, California's Attorney General Bill Lockyer has filed suit against energy companies, this time for alleged profiteering.

Lockyer sued Mirant Corp., Williams Cos Inc., Coral Power, and Powerex Corp. for over $1 billion, accusing companies of "charging unjust, unreasonable and illegal rates for electricity during California's recent energy crisis."

In March Lockyer sued Mirant, Reliant Energy, Dynergy, and Williams for allegedly selling energy bought for reserve, or "double-billing."

The companies deny the charges, and according to the Associated Press, Mirant spokesman Patrick Dorinson asserted, "Suing energy companies might make great election-year politics, but it makes horrible long-term energy policy."

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