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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

Sempra and BP Sign Contract for LNG Deliveries to Baja California

LCG, October 14, 2004--Sempra Energy LNG, a subsidiary of Sempra Energy, and BP announced that they have signed a 20-year agreement to deliver 500 MMcf/day of liquified natural gas (LNG) to Sempra's planned Energia Costa Azul terminal, located near Ensenada, Mexico. After regasification, natural gas pipelines would then transport the gas to local markets and California.

The Energia Costa Azul terminal will be built with a capacity of 1 Bcf/day and is a joint project between Sempra Energy LNG and Shell International Gas, a division of Royal Dutch/Shell. Operations are planned to commence by 2008.

The source of the natural gas supplies will be the Tangguh LNG terminal project in Indonesia, which is also scheduled to begin production in 2008. BP, which is the largest owner of the Tangguh LNG project, recently announced another 20-year, Tungguh LNG deal with K-Power, a joint venture between BP and South Korea's SK Corp. There is also an agreement with China National Offshore Oil Corp (CNOOC) for delivery to an LNG terminal planned for East China's Fujian Province.

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