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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

SoCal Cities Propose 240 Megawatt Burbank Plant

LCG, May 10, 2001The city of Burbank, Calif., along with Anaheim, Colton, Glendale and Pasadena as partners, has proposed development of a 240 megawatt generating unit that would be built at an existing power plant belonging to the Burbank Water and Power department.

Burbank said yesterday it would submit an application for certification to the California Energy Commission on Monday for the Magnolia Power Project. "The cities are proposing to construct a clean-burning, natural gas-fueled generating unit by mid-2004 to provide participants a reliable, long-term electricity resource," said Ronald E. Davis, Burbank Water and Power's general manager.

Because the site has been used as a power plant since 1941, Davis said much of the infrastructure is already in place, such as the natural gas supply pipeline and electrical transmission system. In addition, reclaimed water will be used for cooling, to the extent practicable.

In about 12 months, decommissioned generation structures on the site will be removed prior to installation of a combustion turbine-generator, heat-recovery steam generator and exhaust stack over a 30-month period, Burbank said. Construction will include a turbine-generator building, cooling tower, andcontrol and administrative buildings.

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