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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

Enron Nears Deal to Sell Portland General Electric

LCG, Nov. 18, 2003--The public electric utility Portland General Electric (PGE) will be sold to Oregon Electric Utility Co., based upon a deal that has received approval from the board of directors of PGE owner Enron Corp. and the Official Unsecured Creditors' Committee.

The sale would be completed through a cash payment of $1.25 billion, and the assumption of about $1.1 billion worth of debt, according to Enron spokesman Mark Palmer. Oregon Electric Utility Co. is a newly created unit of Texas Pacific Group, a private-equity firm with experience in acquisitions of businesses having financial difficulties.

PGE would keep the same name, should the Oregon Public Utility Commission and federal agencies decide to approve the transaction.
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