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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

Westcoast and Coastal to Disengage Joint Venture

LCG, Sept. 26, 2000--Westcoast Energy inc. of Vancouver, British Columbia, and Houston-based Coastal Corp. said yesterday that they would disengage their Engage Energy joint venture and split the assets. The move comes as Coastal and El Paso Energy Corp. finalize details of their merger, which is expected to close by the end of this year.

Engage Energy was formed by the two companies in 1997 as a natural gas and electricity marketing joint venture. The companies said Westcoast would keep the Canadian operations and an office in Michigan and will have the right to use the Engage name. Coastal will retain the U.S. operations.

The companies said they are working to ensure a smooth transition to maintain existing contractual relationships. The disengagement, which had been expected in light of the Coastal-El Paso deal, is expected to close by the end of the week.

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