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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

Greenspan Says Oil and Gas Prices to Affect Businesses

LCG, Apr. 28, 2004--The increases in the prices of oil and natural gas experienced in the U.S. over the last several years will likely not be reversed soon, the chairman of the Federal Reserve, Alan Greenspan, has said.

The chairman also indicated that he thought that industries with significant energy intensity, including petrochemical and fertilizer producers, might shift production to areas of the world with lower gas costs, in order to remain competitive. Greenspan also pointed out that during the last sustained rise in oil prices, in the '70's, consumers purchased more fuel-efficient vehicles, although he did not forecast the same reaction would occur again.

As he has previously, Greenspan called for expansion of infrastructure to allow imports of liquefied natural gas from countries besides Canada, which is already exporting as much as possible while still being able to supply its own needs.

The Fed chairman remarked on delivery contracts for six years in the future, which he said are at $27, whereas such contracts went for $16 to $18 in 1999. Natural gas prices have risen approximately 180 per cent above the 1999 price of $2.50 per million British thermal units.
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