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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

Detroit Edison's Application for Fermi 3 Reactor Receives Support from NRC

LCG, January 18, 2013--The U.S. Nuclear Regulatory Commission (NRC) recently announced the staff's recommendation to the Commission that, based upon environmental considerations, the construction permit and operating license (COL) be issued as proposed for Enrico Fermi Unit 3. The reactor would be installed at the Detroit Edison Enrico Fermi Atomic Power Plant (Fermi) site, located approximately 30 miles southwest of Detroit, Michigan.

Detroit Edison submitted its application for a COL to the NRC in September 2008. The reactor design selected for the project is the GE-Hitachi Economic Simplified Boiling Water Reactor (ESBWR) design.

The NRC staff recommendation is based on the application, including the Environmental Report submitted by Detroit Edison; consultation with Federal, State, Tribal, and local agencies; the staff's independent review; and the staff's consideration of comments related to the environmental review that were received during the public scoping process and on the draft EIS.

The existing nuclear reactor, Fermi 2, is a boiling water reactor rated at 1,116 MW that began commercial operation in January 1988.
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