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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

Proposed Coal Plant in Montana Deferred

LCG, December February 4, 2009--Southern Montana Electric (SME)announced Monday that it will defer the development of the 250-MW, Highwood Generating Station. The coal-fired project was planned to have been built near Great Falls.

SME now plans to install a 120-MW, gas-fired electric generating facility, together with over 6 MW of generating capacity driven by wind power. The initial, 80-MW phase of the gas-fired facility is scheduled to be operational toward the end of 2011, with an additional 40-MW of capacity coming on-line within the next 12 months.

SME's deferral of the coal-fired power plant resulted from a variety of factors, including: legal challenges, regulatory uncertainty with respect to carbon emissions and related global warming concerns, and hurdles associated with financing the project, which has grown to an estimated cost of $900 million.
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