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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

Duke to Suspend Application to NRC for New Nuclear Reactors in North Carolina

LCG, May 3, 2013--Duke Energy yesterday notified the Nuclear Regulatory Commission (NRC) that it plans to suspend its combined construction and operating license (COL) application to build two nuclear units at its Harris site in Wake County, North Carolina.
Duke Energy executive vice president and president of Duke Energy Nuclear stated, "Duke uses an integrated resource planning approach to ensure that it reliably and economically forecasts and plans resources to meet the electricity needs of its customers well into the future. Our most recent forecast indicates two additional nuclear units at Harris will not be needed in the next 15 years."

In February 2008, Progress Energy Carolinas (which has since merged with Duke) submitted its COL application to add two Westinghouse Advanced Passive 1000 (AP1000) Pressurized Water Reactors (PWR) at the site, where one 900-MW reactor has been operating since 1987. In 2008, Progress stated that the application would provide the option to construct the nuclear reactors to provide baseload, power generation without emitting greenhouse gases.

Duke Energy plans to continue to pursue its applications with the NRC to construct two AP1000 reactors at the Lee site in Gaffney, South Carolina and to construct two AP1000 reactors at the Levy site in Levy County, Florida.

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