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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

Investment in Phillippines' Power Generation Wanting

LCG, Apr. 21, 2004--A substantial amount of power generation reserves enjoyed by the Phillippines may not last through 2007-2008, if investors do not acquire financing to build new plants starting this year or next.

Although reserves were measured at 63 per cent of demand last year, the bankrupt state power utility, Napocor, no longer has a sufficiently strong credit rating to allow it to borrow more from development banks to finance plants. In addition, regulators lowered the rates it could charge, weaking its cash flow situation. Government officials want to sell off the utility's various assets in order to pay off Napocor's debts.

Distribution companies selling electricity at the retail level are now being ordered to submit five-year plans outlining how they will obtain adequate supplies for their customers. In addition, a market system is envisioned that will encourage private investment to provide not only generation but transmission operations.

Given the current forecasts of demand growth, reserves are estimated to fall to 13 per cent in 2008, below the 20 per cent that is seen as necessary to avoid supply disruptions in case of generator outages. If no investment is forthcoming in order to make more capacity available by 2007-2008, security needs might have to be met by reviving older plants that have been shut down.
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