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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

Orion Power to Buy Columbia Electric Corp.

LCG, Oct. 3, 2000Orion Power Holdings Inc., an independent power producer created in the restructuring of Baltimore Gas & Electric Co., said yesterday it will acquire Columbia Electric Corp., the electric generation subsidiary of Columbia Energy Group., for $200 million in cash.

Orion will also assume debt associated with projects under development or construction by Columbia electric.

Columbia will sell power plants already in operation prior to Orion's acquisition of the company. Orion will get two power plants under construction and several in various stages of development. The two under construction are the Liberty Electric project, a 568 megawatt combined-cycle plant in Eddystone, Pa., and the 500 megawatt simple-cycle Ceredo Electric Generation Station in Wayne County, W.Va.

Among the plants in an advance stage of development are the 1,650 megawatt combined-cycle Kelson Ridge Generating Station in Charles County, Md., and the 500 megawatt simple-cycle Henderson Generating Station in Henderson County, Ky.

Ceredo is scheduled to begin commercial operation early next year, Liberty in early 2002, and Kelson and Henderson in 2004.

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