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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 to Install 120 MW Temporary Capacity

LCG, May 29, 2003-Today the Long Island Power Authority announced that it will build temporary generating capacity to cover summer peak demand.

Six simple-cycle turbines will be mounted on trucks at the Holtsville and Shoreham substations. Each turbine has 20.5 megawatts of capacity and will be used to head off rolling blackouts in the case that demand exceeds available capacity.

Available capacity in the area is low for the summer. TransEnergie's 300-megawatt Cross Sound Cable has not been operative because regulations require such units to be buried more deeply. Also, Calpine Corporation's 45-megawatt Stony Brook plant will not be available.

The temporary turbines are likely to cost about $17 million.
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