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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

Missouri PSC Approves Grain Belt Express HVDC Transmission Project

LCG, March 22, 2019--The Missouri Public Service Commission (PSC) approved a request filed by Grain Belt Express Clean Line LLC for a certificate of convenience and necessity (CCN) to construct, own, operate, control, manage and maintain a high-voltage, direct-current (HVDC) transmission line to move power east from wind farms in western Kansas to load centers in Missouri, Illinois and Indiana.

The PSC concluded that the Grain Belt Express project would provide short- and long-term benefits to ratepayers and citizens of Missouri. Additional regulatory approval for the multi-state project is necessary prior to construction.

The estimated cost of the Grain Belt Express project is $2.3 billion. The project calls for installing a 4,000-MW, 780-mile overhead transmission line extending from the Iron Star wind farm in southwestern Kansas to parts of Missouri, Illinois and Indiana.

The project was proposed by Grain Belt Express Clean Line Energy Partners in 2014, and Invenergy announced plans to acquire all the development assets of the Grain Belt Express transmission project, pending appropriate regulatory approvals, in November 2018.
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