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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

Northwestern Reaches Agreement on Montana Air Quality

LCG, Oct. 10, 2001--Northwestern Corp. said yesterday it has reached an agreement with the Montana Environmental Information Center, Missouri River Citizens Inc. and individual petitioners to settle challenges to an air quality permit for a new power plant near Great Falls.

The settlement was coordinated by the Montana Department of Environmental Quality, which had earlier decided to issue the air quality permit.

Under the agreement, the company will speed up installation of emission controls on the 240 megawatt, natural gas-fueled project, and will fund and develop an energy conservation program for low-income families in Montana.

" We stated from the time we announced the project that Northwestern would work with all parties to assure that Montana First Megawatts would benefit all Montanans," said Mike Hanson, president and chief executive of Northwestern Services Group. "Under this agreement, Northwestern will accelerate the installation of certain emission-reduction technology that will make it one of the cleanest operating electricity generators in the state."

Hanson said the new facility could begin producing electricity by July 1 of next year.

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