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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

SDG&E parent Expects 37 Percent Profit Jump

LCG, July 18, 2000--Sempra Energy, the parent company of San Diego Gas & Electric, has forecast that it will report substantially higher earnings for the quarter ended June 30, beating last years figures by as much as 37 percent.

At the same time, SDG&E electricity customers in Southern California have seen their electric bills double since May.

The utility says it is not responsible for the price spikes that have driven the average householders bill from around $50 to more than $100 per month. The company no longer generates power, having sold its power plants as part of the restructuring of Californias electric industry, and now must purchase power in the open market.

While SDG&E was explaining about the wholesale power market, its parent Sempra was explaining about its big increase in profits. It seems a Stamford, Conn.-based subsidiary, Sempra Energy Trading, cut a fat hog buying electricity and other energy commodities cheap and selling them dear.

SDG&E customers might be excused if they ask why Sempra Energy Trading didnt show a little favoritism to a sister company. Justin McCann, an analyst with Standard & Poors Equity Group agreed that that sort of question could trouble the company. "The utilities are very careful about a kind of backlash from consumers," he said.

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