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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

Lawyers Use Internet to Find Avista Plaintiffs

LCG, Sept. 5, 2000Call it high-tech ambulance-chasing. Lawyers are taking to the Internet looking for plaintiffs who want to sue companies suspected of wrongdoing.

Avista Corp., the former conservative Washington Water Power Co., is a target of a law firm that is rounding up shareholders the lawyers think they can convince there's a pot of gold at the end of the litigation. There often is for the lawyers. There often isn't for the plaintiffs.

One of the many law firms using the Internet to scare up a case against Avista is Berman, DeValerio & Pease, of Boston. It or they warned in an announcement on the Internet Friday that "a deadline is fast approaching for shareholders who want to sue" Avista and five other companies. The lawyers invited shareholders to call in order to learn "your ability to potentially recoup your losses."

Avista made some stupid moves earlier this year and barely broke even in the second quarter, but it is unlikely the company set out to destroy the fortunes of its shareholders. What it did was guess wrong on the direction power prices would take when it sold its 175 megawatt interest in the Centralia, Wash., power plant. Instead of contracting for replacement power, it bet that the price of power would drop and it could cover its shortage for less money in the spot market.

You don't go to jail for trying to fill a straight.

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