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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

NRG Plans Fuel Switching from Coal to Gas to Avoid Plant Closures

LCG, June 26, 2013--NRG Energy (NRG) announced plans Monday to retrofit the 330-MW, New Castle power plant to switch from burning coal to natural gas. The 60-year old plant, located in Pennsylvania, had been scheduled to close by April 2015 due to environmental regulations associated with burning coal. With the fuel switching, the plant will be reactivated, and the anticipated commercial operating date (COD) for gas-fired operations is the summer of 2016.

NRG merged with GenOn Energy Inc. in December 2012, and GenOn had previously announced the April 2015 closing date last year.

NRG's East Region spokesperson stated, "The New Castle plant shutdown was announced because it would have required a substantial investment in environmental controls to continue to operate as a coal-burning facility. But we looked at it and decided it could be operated economically on natural gas. We won't have to install the extremely expensive controls that would have been required to continue operating on coal."

Following the reactivation, the New Castle plant is anticipated to change from a serving a base-load role to a peaking role, when electric demand peaks.

Other plants targeted by NRG to convert from coal to gas and reactivate are the 732-MW Avon Lake power plant in Ohio by the summer of 2016, as well as the 75-MW Dunkirk Unit 2 in New York.
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