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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

Northeast Transmission Operators File to Create Seven-State RTO

LCG, August 27, 2002After 8 months of planning, ISO New England and the New York Independent System Operator have asked federal officials to approve a northeast regional transmission organization (NERTO).

According to the grid operators, joining the regions transmission systems would stabilize the energy market and limit bottlenecks. Companies would also no longer incur fees charged for moving electricity from one system to the other.

The northeast market proposal, filed with the Federal Energy Regulatory Commission, includes allowance for reserve, day-ahead, and real-time markets, as well as locational marginal pricing and financial transmission rights.

NERTO would also adopt an independent board of directors and an advisory committee consisting of stakeholders.

According to the transmission operators, the joint market would be established by 2005 or 2006, although the merger would begin as soon as January 2003.

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