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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

Texas Commission Changes Requirements for Power Rate Increase

LCF, March 6, 2003The Texas Public Utilities Commission (TPUC) has changed the way in which retail power rates may be allowed to increase due to natural gas prices.

Texas deregulation permits utilities to increase the fuel cost benchmark rate as many as two times a year, provided gas prices increase by 4% or more in a ten-day period.

The TPUC changed its stance yesterday, requiring a 5% increase in gas prices over 20 days instead.

The benchmark rate, or price-to-beat, is that which customers can use to determine the fair price when comparing power rates charged by energy retailers and established utilities.

The commission said that the changes were made to alleviate the possibility of disruptive, short-term spikes in rates due to natural gas.

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