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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

PSEG Opens Bethlehem Energy Center

LCG, July 8, 2005--PSEG Power celebrated yesterday at its opening ceremony for the Bethlehem Energy Center, located along the Hudson River, three miles south of Albany, New York. The new, gas-fired power plant is built on the site of the Albany Steam Station that was retired in February. The plant will commence full operations later this month.

The Bethlehem Energy Center is a combined-cycle power plant with a generating capacity of 750 MW that is based upon the output from a GE Frame 7F system. Construction on the plant, acquired from Niagara Mohawk, began in mid-2002. The new plant will dramatically reduce air emissions relative to the old, 376 MW, oil-fired plant. The plant design includes a closed-loop cooling system that will significantly reduce water consumption from the Hudson River. These environmental benefits have attracted the support of a number of environmental organizations, such as the Natural Resources Defense Council.

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