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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

Equitable to Upgrade Gas System for Orion Power Plant

LCG, Oct. 19, 2000--Appalachian natural gas company Equitable Resources Inc. said yesterday it would upgrade and expand its distribution system in order to provide fuel for a power plant located on Brunot Island in the Ohio River, two miles from downtown Pittsburgh, Pa.

The power plant, acquired by Orion Power Holdings Inc. from Duquesne Light Co., is a multi-unit combustion turbine facility that has heretofore been fueled with oil. Orion Power Midwest, an ad hoc subsidiary, is renovating the 397 megawatt facility, reactivating its combined-cycle capability and converting it to natural gas.

Equitable Gas Co. will install 24,600 feet of 16-inch steel distribution pipe and upgrade four district regulator stations. Upon completion of the pipeline and related facilities, Orion Power will enter into a 10-year gas transportation agreement with Equitable Gas to transport up to 100,000 decatherms per day of natural gas to the site.

Orion expects to have the power plant back on-line by the middle of 2002. Equitable said its new facilities would be in service by April of next year.

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