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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

Magnolia Power Plant Approaches Commercial Operations

LCG, June 10, 2005--Six Southern California cities celebrated late last week the completion of the Magnolia Power Plant, a 310-MW, electric generating station located in Burbank, California. Commercial operations of the $234 million plant are scheduled to begin next month.

On behalf of the six participating cities, the Southern California Public Power Authority, a joint powers agency, is serving as the projects owner and financing agent. The generation from the plant will be divided amongst the following cities: Anaheim, Burbank, Glendale, Pasadena, Cerritos, and Colton. Each city will schedule their own power output with Burbank for every hour of every day.

The plant will provide a source of power located near the electric loads of the cities, which will reduce reliance on long-distance transmission lines and susceptibility to transmission congestion.

The new, gas-fired, combined-cycle plant is located on the same site where a power plant was built in 1941. The new plant will use reclaimed water from a wastewater treatment plant for cooling and will have zero liquid discharges from the plant. In base-load operation, the unit will generate 242 MW. With the use of duct firing and steam injection, plant capacity can be increased up to 310 MW to meet peak demands.

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