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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

Ontario to Restart Nuclear Reactor

LCG, July 7, 2004--Ontario Power Generation (OPG) received approval to proceed with a project, budgeted now at $900 million, to refurbish and restart unit 1 at the Pickering A Generating Station located east of Toronto. The decision is driven in part by the estimate that the 515 MW nuclear unit can begin producing power in just 15 months - more rapidly than other alternatives - to meet growing electricity demands and to compensate for the government's planned closure of coal-fired plants, including the 1,150 MW Lakeview Station in April 2005.

The approval to proceed with unit 1 follows a troublesome past with Pickering refurbishment efforts. The first of four Pickering A reactors returned to service in September 2003, more than two years late and at a cost nearly three times that approved by the Board of Directors of OPG. Ontario Energy Minister Dwight Duncan vows this won't happen again. "The lack of transparency and accountability at OPG under the former government led to a serious waste of money - we will do things differently," Duncan said. "I am not willing to write OPG another blank cheque. I have directed OPG to report regularly to the public on the progress of this project, and we have an independent auditor in place to help ensure the project stays on track."

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