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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

Texas Nuke Might Restart in Late Summer

LCG, Apr. 25, 2003--Texas Genco Holdings, majority-owned by CenterPoint Energy, indicated Thursday that repairs at Bay City nuclear generating unit 1 could take until late summer to complete, leaving CenterPoint Energy to supply at least 385 megawatts it owns out of the total unit capacity of 1,250 megawatts from other sources.

The Bay City unit was shut down following the discovery of a small amount of boric acid at the bottom of the reactor vessel. An inspection team found the acid, which could mean that a leak of coolant fluid from the reactor might have been able to take place.

"So the loss of 1,250 megawatt-hours for a few months is not going to have much impact overall," said Kent Saathoff, the director of system operations for the Electric Reliability Council of Texas, which manages the Texas electric grid. The anticipated August peak is 57,000 megawatts, while generating capacity in the state is 77,000 megawatts. The other unit at the Bay City plant remains operational.

David Tees, the chief executive of Texas Genco, said "We have developed a preliminary schedule for the inspection, repair and return of this unit based on various scenarios, even though there are a myriad of unknowns." CenterPoint has access to 750 megawatts of reserve capacity that is kept for such unforeseen occurrences.
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