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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 , GPU in South Australian Gas Pipeline

LCG, June 27, 2001Subsidiaries of Duke Energy Corp. and GPU Inc. said yesterday they had formed an alliance to build a natural gas pipeline in Australia, running more than 400 miles from southwestern Victoria to Adelaide in the state of South Australia.

South Australia faces a shortage of natural gas as its current supply comes mostly from the Cooper Basin, which is in decline. Phil Grigsby, commercial development manager for Duke Energy International, said gas from the Gippsland Basin or gas fields proposed to be developed in western Victoria, including new Otway Basin discoveries over the past month could be shipped to Adelaide over the new pipeline.

Both Duke and GPU Gas Net had separately explored the possibility of building a Victoria to South Australia pipeline before the two companies formed their alliance.

Pending the results of a binding open season, the new pipeline could be built in a little more than two years and begin delivering natural gas by the end of 2003, Grigsby said. "I think this is a significant step. The combined efforts of a Duke International and a GPU put a lot of momentum behind a project," he said.

Duke said TXU Australia, which owns the Torrens Island Power Station in South Australia, would be an anchor customer of the new pipeline. Others could be Australian National Power, a subsidiary of the UK's International Power Plc, and the South Australian Magnesium Project.

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