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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

PNM to Sell Wholesale Power to Navopache Co-op

LCG, July 11, 2000--Public Service Co. of New Mexico said yesterday it has begun providing more than 50 megawatts of power to Navopache Electric Cooperative under a long-term wholesale contract.

Navopache, which serves more than 25,000 members in rural Arizona and New Mexico, had beena member of Plains Electric Generation and Transmission Cooperative but decided to switch to PNM when Plains merged with Tri-State Generation and Transmission Association July 1.

According to PNM, the 10-year contract with the co-op is expected to increase PNM power sales by about 300,000 megawatt-hours annually, generating an additional $12 million a year in revenues. The utility sold more than 11 million megawatt-hours of wholesale power last year, a 27 percent gain over 1998.

For Navopache, the co-ops chief executive Vernon Hollimon said "Our challenge was to help our members save money, and I think we've successfully done that by choosing to get our power from PNM."

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