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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

Steel Producers Object to Proposed Unit Tax on Power

LCG, July 31, 2000--A plan under consideration by the Ohio Legislature to impose a per-kilowatt-hour tax on electricity sales came under fire Friday from the Ohio Steel Council, an organization made up of some of the largest U.S. steel producers, the steelworkers union and the Ohio Legislature itself.

The plan is being reviewed by the legislatures Joint Legislative Committee on the Kilowatt-Hour Tax, composed of Ohio House and Senate members. The committee is to complete its report bySeptember 30. Electricity restructuring is scheduled by law to begin January 1 of next year.

In restructuring the electric industry in its state, Ohio reduced personal property and gross receipts taxes paid by utilities, in order to relieve state electric companies of a competitive disadvantage they would suffer in comparison to out-of-state firms participating in the Ohio electric market.

Those taxes had been passed along by utilities to their customers but now that the taxes themselves are being transferred to electricity users, the biggest customers want them based on dollar volume rather than kilowatt-hours. Thats because they pay a lot less per kilowatt-hour.

The Steel Council said in a statement "Ohio steel producers have no objection to paying the same proportionate share of electricity tax that they have been paying for years. However, the proposed tax based on kilowatt hours consumed could result in a considerable tax increase, unfairly penalizing large industrial consumers, such as steel."

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