EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

PNM Asks Court to Rule on Western Resources Merger

LCG, Oct. 15, 2001--Public Service Co. of New Mexico asked a New York court on Friday to either rewrite the terms of its takeover of two Kansas utilities from Western Resources Inc., or to call a halt to the pending transaction.

Western Resources and PNM announced the $4 billion deal last November, in an arrangement that would required Western to separate its electric utilities from the parent company and spin off its other businesses to shareholders.

But the Kansas Corporation Commission in July of this year Rejected Western's request for an electric rate increase and blocked the company's reorganization plan. That, according to PNM, changed the terms of its agreement with Western.

Western, though, is still trying to push through the deal with PNM, despite the New Mexico utility's claim that the deal is now much different that the one it agreed to. PNM has now taken the matter to the Supreme Court of New York, where both companies agreed to take any disputes.

"Although we take this step reluctantly, we believe we have no choice," said Jeff Sterba, PNM chief executive. "Western has demanded that we seek KCC approval of the original transaction, even though it contains a provision that has now been ruled unlawful by the KCC. We believe it would be futile for us to make such a filing."

Sterba added "We believe the current agreement must be restructured, so that it can be approved by the KCC."

PNM is a combined electric and gas utility serving about 800,000 million customers in New Mexico. Western provides electricity to about 636,000 customers in Kansas.

Copyright © 2025 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service