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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

Northern Italy's Water Shortage Threatens Power Supply

LCG, July 15, 2003--The level of the Po, Italy's largest river, has dropped to the lowest level observed in 100 years, raising the possibility that a second power station, near Venice, could be closed within two weeks.

Both hydropower plants and fossil-fuel plants might have to be shut down, without sufficient water to either power the turbines or provide cooling. June brought high temperatures, increasing the level of demand for power on the electrical system. The strain resulted in power being cut in Rome, Milan and Turin. The situation is serious enough that the national civil protection chief, Guido Bertolaso, indicated that the country might not be able to provide irrigation to farmers as well as power for industry in the northern part of the country. Bertolaso said that sacrifices might have to be made by particular regions or types of industries.

One possible source of water is in the major lakes Como, Maggiore and Garda, which support a tourist industry on the southern slopes of the Alps. Tourist boats would likely be affected by the changed levels of the lakes, and poorer navigability.

A public campaign has begun to encourage water conservation, although if there is no rainfall in the next few weeks, it appears likely that some constituencies will need to go without either water or power, whether voluntarily or not.
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