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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

FERC Approves AES Sparrows Point LNG Terminal

LCG, January 16, 2009--The Federal Energy Regulatory Commission (FERC) yesterday approved the proposed Sparrows Point LNG (liquefied natural gas) Terminal, together with the connecting interstate pipeline designed to receive and deliver 1.5 Bcf/day of natural gas to Northeast and Mid-Atlantic energy markets. The LNG terminal and pipeline are proposed by subsidiaries of The AES Corporation.

The site for the proposed LNG terminal is at Sparrows Point, southeast of Baltimore in Baltimore County, Maryland. LNG tankers will deliver liquefied natural gas to the terminal, where there will be storage capacity of up to 480,000 cubic meters of LNG. The gas will be vaporized at the terminal and transported via pipeline to the natural gas transportation network for use throughout the Mid-Atlantic and Northeast energy markets.

The Mid-Atlantic Express pipeline project will extend in a northeasterly direction approximately 88 miles and will use 30-inch diameter pipe. The route will follow existing utility and/or roadway rights-of-way to the maximum extent practicable.

The FERC voted 4-1 to approve the project, and the approval includes 169 conditions that will protect public safety and mitigate any adverse environmental impact.

The project was approved over opposition from Maryland's congressional delegation, which requested the decision be delayed until the President-elect takes office. Stated concerns included that the LNG facility would pose a security risk and threaten endangered Chesapeake Bay species.
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