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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

San Francisco Power Plant Expansion On Hold

LCG, Nov. 11, 2003--Power developer Mirant Corp. has requested that the California Energy Commission cease review of the company's applications to install new turbines and emission control equipment at an existing site in San Francisco.

Mirant, which filed for Chapter 11 bankruptcy this past summer, has decided that building 540 megawatts of new capacity is not a priority, given its ailing financial health and the state of the power markets in general. Company spokesman Kevin Loscotoff stated, "We're stepping back to evaluate the highest and best use of future generation projects at Potrero."

Mirant purchased the Potrero site, which is 38 years old, from Pacific Gas & Electric (PG&E) in 1998. Mayor Willie Brown later allowed for the upgrade of Potrero under the condition that the Hunters Point plant would be shut down in the year that the new 'Unit 7' began operation, projected to be 2005. Some local residents of the Hunters Point neighborhood were opposed to both the expansion as well as the continued operation of Hunters Point on health grounds, although the operation of the Potrero plant would have emitted less pollution than the Hunters Point plant.

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