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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

45-Megawatt Plant in Alberta Complete

LCG, Jan. 30, 2002--A gas-fired plant that will provide electricity to Alberta's Rainbow Lake and High Level region has been built in under six months.

The Rainbow Lake plant, which is north of Grande Prairie, began as a project to double capacity at ATCO Power's Valleyview project. Instead, ATCO Power and Husky Energy, which operates a gas plant at Rainbow Lake, agreed on bringing the project to the site of an earlier, 45-megawatt cogeneration plant. That plant, which provides steam to the Husky Energy gas plant, started operations in 1999.

ATCO Power's president Gary Bauer said of the decision to enhance reliability at the plant's final location, "we quickly adjusted these projects to meet the electricity needs of Albertans in a rapidly growing part of our province."
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