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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

EPA Proposal on Mercury Limits Under Review

LCG, Mar. 16, 2004--The administrator of the Environmental Protection Agency (EPA), Michael Leavitt, has told the White House that analyses of an administration proposal to limit mercury emissions from power plants burning coal could lead the EPA to put forth a more stringent set of emission reduction guidelines.

In December, the Bush administration introduced a plan that would allow power generators to buy and sell credits for releasing mercury, similar to the system with sulfur dioxide. Limits on mercury would gradually lower the permissible amount of emissions. Since Leavitt became the EPA administrator, he has been taking part in meetings focused on the possible impact of that proposal, and has begun to evaluate criticisms of it by some environmental groups, state regulators, and a group of doctors that sent a letter to an office of the EPA dealing with children's health issues.

The White House has come out in favor of allowing power plants that achieve reductions before limits make them legally binding to receive credit for the reductions later. Critics of the proposal believe that such a provision would in effect delay the reduction of the ultimate goal of a 70% reduction in mercury emissions for seven, and perhaps as many as ten or more years. The current deadline is set for 2018.

Leavitt has said that the EPA's analysis is not yet finished, and will proceed before any changes are introduced to the original proposal. Coal-burning power plants are a major contributor to mercury emissions, and are thought to make up 40 per cent of the annual total caused by human activity.
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