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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

Contruction of Palomar Energy Project Approaches Midway Point

LCG, May 5, 2005--Construction on the Palomar Energy Project, a 550-MW power plant located in Escondido, California, is now about 45 percent complete. The gas-fired plant is expected to be up and running in the summer of 2006.

Palomar Energy LLC, a subsidiary of Sempra Energy Resources, is building the plant. SDG&E, a regulated utility and subsidiary of Sempra Energy, will purchase and operate the plant upon completion.

The natural gas-fired, combined cycle plant includes two combustion turbine-generators equipped with dry low combustors and evaporative inlet air coolers, two heat recovery steam generators equipped with duct burners, a steam turbine-generator and associated auxiliary systems and equipment. The city's sewage treatment plant will supply all of the 3 million gallons per day of reclaimed water used by the generating station. The project includes a new 230 kV switchyard connecting with an existing SDG&E electric transmission line located immediately adjacent to the project site.

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