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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

PJM Approves Transmission Upgrades

LCG, October 8, 2002-Transmission operator PJM Interconnection LLC has authorized over $725 million in upgrades to the Mid-Atlantic region's electricity transmission system.

PJM's Independent Board passed the upgrades last week, and the Board of Directors approved the upgrades yesterday.

In coming to this decision, officials considered proposed projects and opinions from energy companies, transmission owners, and state regulatory bodies.

The upgrades are said to serve 39 new power plants, which will provide an additional capacity of nearly 8,600 MW.

PJM Interconnection is a non-stock company responsible for electricity grid reliability in the Mid-Atlantic region, including Delaware, Maryland, Pennsylvania, New Jersey, and the District of Columbia.

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