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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

CPUC Approves Contract for Biomass Repowering at Coal-fired Facility

LCG, February 5, 2010--The California Public Utilities Commission (CPUC) yesterday approved a power purchase agreement (PPA) between Pacific Gas and Electric Company (PG&E) and Mt. Poso Cogeneration Company, LLC for renewable energy from the Mt. Poso Cogeneration facility, located near Bakersfield, California.

The Mt. Poso Cogeneration plant currently combusts coal, petroleum coke, and tire-derived fuel (TDF) to generate steam and power. The new, 15-year contract allows for the facility to be modified and converted to use urban and agricultural wood wastes for fuel. The biomass facility will have an electric generating capacity of 44 MW, and the conversion project is scheduled to be completed by 2012.

The CPUC President stated, "This new agreement will reduce our state's reliance on coal and other less attractive fuels and increase our usage of much cleaner renewable energy. This is obviously a plus for California."

California has aggressive renewable energy goals that will be difficult to achieve. The CPUC's Renewables Portfolio Standard (RPS) program requires investor-owned utilities to obtain 20 percent of their retail sales from renewable energy sources by 2010. Furthermore, the Governor executed executive orders that established that (i) 20 percent of the renewable electricity should be generated from biomass resources within the state by 2010 and (ii) 33 percent of their retail sales be supplied from renewable energy sources by 2020.
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