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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

Con Edison Buys Merger Approval with Rate Cuts

LCG, Oct. 4, 2000Consolidated Edison Co. of New York said yesterday that it had reached agreement with the staff of the New York Public Service Commission and numerous intervenors calling for an immediate $170 cut in its electric distribution rates with more to follow.

In exchange, parties to the agreement will recommend to the commission that it approve the pending acquisition of Northeast Utilities by the utility's parent holding company, Consolidated Edison Inc.

The agreement also calls for another distribution rate reduction of $209 million to take place on April 1 of next year. Also on that date, customers of Northeast Utilities and Con Edison would begin sharing in $18.5 billion in savings expected to be generated by the merger, if the transaction is completed by that time.

Con Edison said the agreement would extend by three years the electric restructuring agreement approved by the commission in 1997, and provide about $1.5 billion of rate benefits to customers in addition to the more than $1.1 billion provided for in the 1997 agreement.

The typical New York City residential customer will save approximately $50 annually, while the typical small commercial customer will save about $100 annually and the somewhat larger commercial customer will save about $1,000 a year, Con Edison said.

Nearly a year ago, Consolidated Edison Inc. agreed to acquire Northeast Utilities in a deal valued at $7.5 billion, with $3.29 billion in cash and the balance in assumption of debt.

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