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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

Duke/Fluor Daniel to Operate Duke’s California Plants

LCG, July 11, 2000--Duke Energy Corp. is keeping it all in the family as far as running the California power plants it bought from two of the states utilities goes. Duke Energy North America has given Duke/Fluor Daniel a five year contract to provide operating plant services for the facilities, which have a combined capacity of 3,351 megawatts.

And Duke/Fluor Daniel has created another affiliate, DFD California Operations, to take over the day-to-day management of the plants. Duke/Fluor Daniel is a joint venture between Duke Energy Corp. and Fluor Daniel, the engineering, procurement and construction unit of Fluor Corp.

The four plants are Morro Bay, Moss Landing and Oakland, which Duke purchased from Pacific Gas & Electric Co., and the South Bay plant formerly owned by San Diego Gas & Electric Co.

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