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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

PG&E Unit Buys 16,000 Megawatts of Turbines

LCG, Sept. 12, 2000The National Energy Group unit of PG&E Corp. said yesterday it had signed contracts with manufacturers for 50 turbines representing about 16,000 megawatts of electric generation.

The PG&E unit will buy 23 turbines from GE Power Systems, 21 from Mitsubishi Heavy Industries and six from Siemens Westinghouse. The company said the turbines would be used around the U.S. in new power plant projects. Delivery of the turbines is scheduled through 2004.

"These purchase agreements indicate our dedication to our overall growth strategy," said ThomasG. Boren president and chief executive officer of PG&E National Energy Group. "With a substantialturbine procurement program, our commitments to satisfying regional energy needs and meeting ourdevelopment goals are well underway."

Boren said the company was "greatly diversifying" its presence around the U.S. "As we strengthen our foothold nationally with projects to meet critical market needs, we achieve a three-way win: value for our shareholders, confidence for our customers, and reliability for consumers," he said.

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