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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

EPA Investigations of Pollution Unlikely to Advance

LCG, Nov. 6, 2003--Investigations by the Environmental Protection Agency (EPA) that were undertaken under previous Clean Air Act rules, prior to proposed Bush administration changes to the New Source Review standards governing plant modifications, may not be pursued in court.

The decision to consider possible violations in 50 cases under the more flexible standards is in some part the result of work by Vice President Dick Cheney's task force on energy policy. According to EPA spokeswoman Lisa Harrison, cases that have already gone into litigation will still be pursued, although those that have not will be reviewed on a case-by-case basis.

The change in direction was apparently disclosed to enforcement lawyers for the agency this week. Some of those involved spoke with the New York Times. It is generally agreed that the changes to New Source Review will exempt a greater number of plants from having to install pollution control equipment, allowing them to save $10 to $20 billion. Members of Congress, environmentalists and state officials in the Northeast viewed the change as a severe blow.

Harrison, the spokeswoman, said some investigations could be brought to court under the old rules, although no final decision has been reached. The 50 investigations in progress had reached the point where notices had been sent to the companies operating the power plants. There is no clear consensus among judges about whether revising the applicable standards in ongoing investigations is permissible.
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