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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

Heat Returns to Pressure State Power Reserves

LCG, Sept. 18, 2000--The California Independent System Operator was facing another day of thin reserve power supply margins today with a forecast peak demand of nearly 44,000 megawatts, as another heat wave moved in on the state over the weekend.

At dusk yesterday evening, the temperature in Palo Alto was 90, and that was on our front porch.

For today, a heat advisory was issued a 3:30 a.m. for the entire San Francisco and Monterey Bay Areas with highs predicted in the 90s at the beaches and as high as 110 inland. Record highs were expected to continue into tomorrow.

For Los Angeles, highs were predicted from the mid to upper 70s near the coast to the high 80s inland. In San Diego, where high temperatures have meant high electric bills and short tempers, it was expected to be in the 70s near the ocean and in the 90s inland.

California's Central Valley will sizzle this afternoon, with temperatures reaching 107 at Redding in the north and 102 in Bakersfield in the south. At Sacramento, the state capital, highs today were forecast at 105.

Temperatures in all of these places are expected to be two or three degrees higher tomorrow and Cal-ISO is guessing that it will need about 45,000 megawatts to serve peak demand, with nothing in reserve.

At 9:30 a.m. Pacific Time today, Cal-ISO issued a "power watch" bulletin, which it said was the first of several expected this week.

At 11:00 a.m. this morning, it was 84 degrees on our front porch and the sun hadn't hit that side of the house as yet.

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