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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

PG&E Plans 1,000 Megawatt Las Vegas Project

LCG, Oct. 2, 2000PG&E Corp.'s National Energy Group will develop a 1,000 megawatt merchant power plant on a 160-acre site 45 miles northeast of Las Vegas, the company said Friday.

PG&E said that while the new facility will primarily serve the rapidly growing Nevada market, it will also play a significant role in maintaining reliability on the western U.S. power grid because of its location near major transmission corridors.

The PG&E National Energy Group hopes to begin construction on the Meadow Valley Generating Project in about a year and have the plant up and running in early 2004. Output will be sold into the regional wholesale power market.

"Southern Nevada has one of the most rapidly growing economies in the country," said Thomas B.King, western regional president and chief operating officer of the National Energy Group. "Because of its location near Las Vegas, the Meadow Valley project will be ideally positioned to efficiently serve that demand growth."

The National Energy Group said it has begun the process of securing all of the necessary federal, state and local permits for the projects. The proposed power plant site is a parcel of U.S. Bureau of Land Management land slated for disposal through a land exchange facilitated by the Clark County Multi-Species Habitat Conservation Plan and The Nature Conservancy.

The exchange, when completed, would provide for the protection of 1,600 acres of sensitive riparian lands along the Muddy River in Clark County and the Meadow Valley Wash in Lincoln County.

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