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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

Long Island Plant's Capacity Boosted

LCG, July 1, 2002--The Long Island-based Bethpage power plant owned by Calpine is able to produce 48 additional megawatts after an upgrade, bringing its overall capacity to over 100 megawatts.

The new capacity is under contract to the Long Island Power Authority (LIPA) for three-and-a-half years, according to Calpine. Bethpage is located in west-central Long Island, and provides electricity and steam to an adjacent Northrup Grumman Corporation facility. Before the addition of capacity, only surplus electricity not used by Grumman had been sold under agreement to LIPA.
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