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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

Newsmakers

Calpine has announced the promotion of Bill Berilgen to president, Calpine Natural Gas Company (CNGC). Berilgen, also a senior vice president, will manage the company's North American oil and gas assets. Berilgen has managed the company's natural gas subsidiary since Calpine acquired Sheridan Energy in 1999.

Beth S. Perlman will join Constellation Energy Group as vice president and chief information officer. Prior to her appointment, Perlman had been vice president of Enron Wholesale Trading Technology. She began her career with Enron in 1995 as Director, Risk Management Administration.

Jean H. Gibson will replace Frank Boyle as chief financial officer of Central Vermont Public Services. She has most recently served as vice president of the Exelon Corporation.

Hanover Compressor has appointed Mark S. Berg Senior Vice President and General Counsel. Berg has acted as executive vice president and general counsel for American General Corporation over the last five years.

Richard T. Ashbeck has been promoted to the position of vice president-treasurer of energy and communications company Black Hills Corporation. Ashbeck, who joined Black Hills in July 2000, had previously been employed as Chief Financial Officer by Indeck Capital, Inc., an independent power company which was later acquired by Black Hills.

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