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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

CA ISO Declares Alert, Low Electricity

LCG, May 31, 2002--On Thursday, the CaliforniaIndependent System Operator (ISO) said thatelectric capacity is low since electricity had been sent out-of-state.

The ISO declared the lowest level of alert, thefirst issuance in 9 months, because electricity wassent to the Southwest. Thursday saw a heat wave hitNevada, Arizona, and New Mexico, while two largenuclear plants in California were off-line andtransmission on a north-south line was disturbed.

During the energy crisis such issuances happeneddaily, and the ISO believes that rolling blackoutsprobably will not be necessary this summer. The alertonly applied to Thursday.

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