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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

Orion Power to Boost Output at NYC Plant

LCG, Sept. 5, 2000Orion Power Holdings said on Friday it had filed preliminary paperwork with New York regulators for plans to repower the Astoria Generating Station it purchased from Consolidated Edison Co. of New York.

An Orion subsidiary, Astoria Generating Co., would replace four large (and old) boilers with natural gas-fired turbines. If approved, the work will increase Astoria's output by 750 megawatts.

"Upon completion of the repowering project, the Astoria Generating Station, which currently is capable of producing 1,090 megawatts of electric power, will produce approximately 1,840 megawatts," said Liam Baker, Orion manager of asset development. "Moreover, air emissions and East River water usage will be substantially reduced from current levels."

Orion said it expects the conversion to require an investment of about $750 million. If approved, the changeover would be done in two phases, coming on-line in mid-2004 and late 2005.

Orion Power Holdings is a subsidiary of Constellation Energy Group Inc. and sister company to Baltimore Gas & Electric Co.

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