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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

Calpine to Acquire Canadian Gas Producer

LCG, Oct. 17, 2000Calpine Corp. said yesterday it would pay $3.20 (Canadian) per share for all of the outstanding stock of Calgary-based oil and gas company TriGas Exploration Inc. in a deal already approved by officers and directors of the two companies.

The $103 million (U.S.) cash transaction will give Calpine assets that currently produce about 30 million cubic feet of natural gas equivalent per day with additional gas volumes waiting to be tied in. Calpine said the reserves, which are substantially all natural gas and associated gas liquids, represent a significant strategic asset.

Almost all of TriGas' operations are located an area of Alberta 30 miles north of Calgary and close to Calpine's planned 250 megawatt Calgary Energy Center, a combined-cycle, natural gas power generation facility expected to be operational by December 2002.

Calpine said the acquisition will give it natural gas reserves to fuel its Calgary facility and a 26percent interest in the East Crossfield Gas Plant.

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