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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

Panda Plans 1,070 Megawatt Illinois Merchant Plant

LCG, Sept. 14, 2000Panda Energy International Inc. said yesterday it would build a 1,070 megawatt merchant power plant on the outskirts of Mount Vernon, Ill., about midway between St. Louis and Evansville, Ind. on I-64.

Construction on the $350 million natural gas-fired, combined-cycle facility is scheduled to begin in early 2002 with commercial operation beginning in late 2003. Panda will sell the plant's output in the wholesale market through an interconnection with a Mount Vernon substation.

Illinois Gov. George Ryan welcomed the plant, noting there is an increased demand for energy. "Iwelcome Panda Energy's contribution to our state's growth and development," Ryan said. "Inaddition, this plant will provide a much needed tax base that will help improve facilities for the localschool district."

The plant will add several million dollars in taxes to the community and will make $3 million to $5million in local purchases each year it is in operation, according to Garry Hubbard, a Panda senior vice president.

Hubbard said about 500 jobs and an estimated payroll of $50 million will be created during an 18-month construction period. Once the plant is operational, 46 full-time jobs will open with an annual payroll of $2 million to $3 million. In addition, 100 off-site support jobs will be created.

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