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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

DTE Energy Receives License from NRC for New Reactor at Fermi Plant

LCG, June 12, 2015-The Nuclear Regulatory Commission (NRC) recently approved the license to construct and operate Fermi Unit 3 at DTE Energy's existing nuclear plant near Newport, Michigan, where the 1,170-MW Fermi Unit 2 has been operating since 1988.

Fermi Unit 3 is the fifth new reactor to complete the NRC's combined license (COL) process. DTE Energy has not committed to building the new reactor and is keeping the option open for long-term planning purposes.

GE-Hitachi Nuclear Energy is the reactor vendor for Fermi Unit 3, and the reactor type is an Economic Simplified Boiling-Water Reactor (ESBWR). The NRC certified the ESBWR design in October 2014. The ESBWR is a single-cycle, boiling-water reactor (BWR). The containment vessel is a cylindrical steel-lined reinforced concrete structure integrated with the reactor building. Based on the reference design, the plant operates at a net estimated electrical power output of approximately 1,535 MW.

DTE Energy submitted its COL application to the NRC in September, 2008.
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