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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

Peco, Unicom Combo Clears Final Hurdle

LCG, Oct. 20, 2000--The pending $7.8 billion merger between Peco Energy Co., the old Philadelphia Electric co., and Unicom Corp., parent holding company for Commonwealth Edison Co. of Chicago, has been approved by the Securities and Exchange Commission, the companies said yesterday in a joint release.

The combination will create one of the largest electricity companies in the United States, with 5 million electricity customers and annual revenues of more than $12 million. It will also create the world's largest non-government generator of nuclear power, with about 20 percent of the U.S. nuclear generating capacity.

The companies said they would complete paperwork with their respective states today and the new company, Exelon Corp., would begin trading on the New York Stock Exchange on Monday.

Peco's Corbin A. McNeill Jr., who will be Exelon's chairman and, with ComEd's John W. Rowe, co-chief executive, said predictable that the deal was good for customers, employees and shareholders. "Customers will gain the benefits of our combined resources and best practices, employees will have greater opportunities for career growth and shareholders will be invested in an industry leader."

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