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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

Regulators Suspend Nicor Gas Choice Expansion

LCG, Sept. 21, 2000The Illinois Commerce Commission voted yesterday to suspend expansion of the Nicor Gas Co. customer choice program to include all of the company's customers. The commission will conduct hearings on the program that Nicor fears could take up to 11 months.

Nicor Gas began a three-year pilot program for its customer choice plan in January, 1998. Now, almost three years later, fewer than a third of those customers eligible to participate have done so. Even so, the company has sought to expand the program to include all of its 1.9 million natural gas customers in Northern Illinois.

Critics of the program have complained that alternative suppliers of natural gas have been evasive or worse about price comparisons and have not honored fixed price agreements entered into with customers.

There have also been complaints that Nicor Energy, an unregulated energy provider and, like Nicor Gas, a subsidiary of Nicor Inc., has been less than candid about not being the same company as the good old gas company.

This latter complaint could have a bearing on whether Nicor Gas will be allowed to expand its customer choice program. The ICC originally said the program would be eligible for expansion when 20 percent of those eligible to switch providers did so. Those critical of the program say that many of the customers that "switched" were simply changed from Nicor Gas customers to Nicor Energy customers, without being aware of the difference.

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