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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

Last Pipeline Victim Dies

LCG, Sept. 6, 2000Twenty-five-year-old Amanda Smith, who lost her husband, children and in-laws in a New Mexico natural gas pipeline explosion on August 19, became the 12th fatality of the fiery blast when she succumbed to burns yesterday in a Lubbock, Texas hospital.

Twelve members of two families on a fishing trip had camped along the Pecos River, not far from Carlsbad Caverns, when a pre-dawn eruption of a pipeline owned by El Paso Natural Gas Co. engulfed them in flame. Ten persons were killed outright and Smith and her father-in-law were taken in critical condition to University Medical Center in Lubbock. The father-in-law died two days after the explosion.

El Paso Natural Gas said last month the pipeline had been inspected a year ago and could not explain the cause of the rupture in the 50-year-old conduit. "Pipeline doesn't have a life span as long as it's well maintained," maintained company spokesman Mel Scott.

The federal Office of Pipeline Safety warned El Paso Natural Gas in a letter dated March 27, 1997, that company technicians had not been properly instructed in the operation of an anti-corrosion system that protects buried pipelines from corrosion caused by natural electrolysis.

National Transportation Board investigators say they found corrosion inside the killer pipeline that had eaten half-way through the pipeline wall in places, but added that their investigation could take up to a year to pinpoint the cause of the tragedy.

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