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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

Intergen, AEP Have Funding for 600 Megawatt Bajio Plant

LCG, July 12, 2000--A joint venture between Intergen and a unit of American Electric Power Co. Inc. said this morning that it had completed financial arrangement for a 600 megawatt natural gas-fired, combined-cycle power plant it is developing in the central Mexican state of Guanajuato.

The financing plan involves $435 million in credit facilities arranged under InterAmerican Development Bank and the U.S. Export Import Bank guarantees through IDB and a consortium of commercial banks including BNP Paribas, Deutsche Bank, Citibank and Dresdner Bank.

Construction of the Bajio power plant has already begun near the town of San Luis de Paz, about 160 miles from Mexico City, and commercial operation is scheduled to begin in November of next year. Under the build, own, operate agreement with Mexicos Comisin Federal de Electricidad, the government utility will purchase 495 megawatts of the plants output. The remaining 105 megawatts of power will be sold to third party industrial customers.

Intergen, a joint venture between Bechtel Corp. of San Francisco and Royal Dutch Shell, is no stranger to Mexico. "Bajio is the third electrical infrastructure development we have successfully closed and brought into construction in Mexico," said Carlos Riva, the companys chief executive. "Mexico is one of our top international markets and we plan on being an active participant in additional CFE bids over the next two years."

Don Clements, president of AEP Resources, said "We're pleased to be a part of this project with InterGen. We anticipate continued development work in Mexico and look forward to additional projects with our partner."

Bajio is the fifth of 10 power station projects the Mexican Government has put to bid since 1997.According to Mexico Energy Secretary Luis Tellez, electricity demand growth in Mexico is 7 percent per year, and Mexico needs to put in operation approximately 3000 MW per year to meet this demand.
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