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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

BG&E Wins Another Round from Mapsa

LCG, Sept. 22, 2000A Baltimore City Circuit Court judge yesterday issued a 25-page order and opinion upholding the approval by the Maryland Public Service Commission of the electric restructuring settlement agreement with Baltimore Gas & Electric Co.

That agreement had been challenged by a New Jersey organization which claims to represent out-of-state electricity marketing companies that want to do business in Maryland. Among other things, the Mid-Atlantic Power Supply Association complained that BG&E had set its standard offer service rate so low it was hard to compete with.

Yesterday's decision by Judge Albert J. Matricciani Jr. was the fourth or fifth in the utility's favor, as Mapsa seems to have the uncanny ability to keep finding new venues in which to bedevil the utility.

Christian H. Poindexter, chairman, president and chief executive of Constellation Energy Group Inc., BG&E's parent holding company, said Judge Matricciani's order "lifts any lingering uncertainty from customer choice of electricity in Central Maryland."

Frank O. Heintz, BG&E chief executive, pointed out that "Despite Mapsa's efforts, one of its out-of-state members already has signed more than 100 large retail electric customer accounts here in Central Maryland."

To date, some 26 suppliers, brokers, and aggregators have been licensed by the PSC to competefor retail electric sales, and 7 more have applications under review, the company said.

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