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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

FERC Files Suit Against CA ISO for Noncompliance

LCG, August 19, 2002-The Federal Energy Regulatory Commission has filed a lawsuit against the California Independent System Operator because the ISO did not comply with a FERC order to change its governing board.

FERC ordered the California ISO to disband and restructure itself into a two-tiered board. The board was to be divided into independent and advisory boards, the latter containing industry members such as consumer advocates, utility officials, and plant owners. FERC asserts that the ISO board is not independent enough.

Earlier this month, the ISO's board, which was appointed by Governor Gray Davis, voted to ignore FERC's order, and nine days later FERC brought a lawsuit against the organization.

The deadline for compliance was Thursday; Friday, FERC filed the suit in a Washington federal court.

Governor Davis and State Attorney General Bill Lockyer are among those most vocally opposed to FERC's attempt to regulate the organization responsible for California's electricity transmission reliability.

Some have pointed out that FERC members were appointed in a similar way by President Bush.

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