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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

Three More Firms Join Midwest ISO

LCG, July 31, 2000--The Midwest Independent System Operator said on Friday that its board had approved three new applications for membership. The ISO now has 16 transmission-owning members and 23 members who do not own transmission facilities.

Two transmission owners joining the Midwest ISO are Wisconsin Public Service Resources Corp. and American Transmission Co. A non-transmission owner, Calpine Corp. also signed up with the agency.

American Transmission Co. was formed earlier this year after the Wisconsin state legislaturepassed a law requiring the state's utilities to turn over their transmission assets to an ISO. The lawwas designed to ensure that access to the state's electric transmission system would remainindependent of individual utility control as the industry embraces deregulation.

Wisconsin Public Service Resources is the parent holding company for Wisconsin Public Service, a local utility. Calpine is a San Jose, Calif.-based independent power producer with operations in 27 states and Canada.

The Midwest ISO claims to be the nation's largest independent transmission system operator. It says that when it becomes fully operational next year utilities with more than 52,000 miles of transmission lines, 78,000 megawatts of electric generation, and about $8 billion in installed assets will be participating in the ISO.

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