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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

Chevron to Increase Capacity at Sabine Pass LNG Terminal

LCG, December 2, 2005--Cheniere Energy, Inc. announced yesterday that Chevron Global Gas, a unit of Chevron Corporation, has exercised itsoption to increase capacity to 1 Bcf/day at Cheniere's new Sabine Pass Liquefied Natural Gas (LNG) terminal. The terms of the original agreement, executed in November 2004, provided for 700 MMcf/day of capacity over a 20-year period to begin no later than July 2009.

The Sabine Pass LNG Terminal is being built near Sabine Pass in Cameron Parish, Louisiana. Construction on the LNG facility began in March 2005.

The LNG terminal will receive LNG tankers and vaporize the LNG into natural gas, which will then be transported into the transmission pipeline network serving much of the Central and Eastern United States. The terminal is designed with a sendout capacity of 2.6 Bcf/day in the first phase, which is scheduled to commence operations in 2008.

In July 2005, Cheniere filed with the Federal Energy Regulatory Commission (FERC) a second phase for the project that would increase the sendout capacity of Sabine Pass LNG Terminal to 4 Bcf/day. According to Cheniere, the expansion could open between 2009 and 2010.

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