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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

Draft Legislation Blocks RTO Requirement

LCG, Nov. 17, 2003--Among the many measures included in the draft energy bill released by Republican lawmakers this weekend is language that makes the formation of regional transmission organizations (RTOs) voluntary, rather than a requirement as the Federal Energy Regulatory Commission has intended.

The opposition to FERC's vision of energy markets would be welcomed by utilities in the Southeast, and is likely to disappoint merchant energy generators, who would not gain the degree of access to the transmission grid that would strengthen their competitive position. Some utilities in the Midwest that support RTO-based markets, such as Exelon Corp., may have to bargain more with other potential members of RTOs to implement more centralized grid management.

A spokeswoman for the Edison Electric Institute was quoted as saying the bill "could help resolve some pretty thorny issues and provide some market certainty." Besides lending no impetus to RTOs, the bill discusses "participant funding," which will limit requirements that utilities fund new transmission infrastructure for project that are not found to be in their customers' interest.
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