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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

Progress Energy Seeks Increase for Fuel Costs

LCG, June 9, 2003--While the base rates paid by North Carolina customers of Progress Energy Carolinas for electricity have remained stable for roughly a decade, the utility is seeking a rate increase based on its prior and future fuel costs.

The utility is seeking a 2.2 percent increase in overall revenues, or an increase of $53.6 million overall, based in part on the difference between what has been taken in and what it paid through March 31. As a pass-through charge, this component of the typical customer's electric bill is considered separately from the base rate. According to Progress, the typical customer would pay $1.53 more per month.
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