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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

Connecticut Ruling Threatens Con Edison-Northeast Merger

LCG, Oct. 24, 2000--Consolidated Edison Inc. said yesterday that failure by Connecticut regulators to ease restrictions upon which approval of the company's merger with Northeast Utilities is conditional could torpedo the deal.

Con Edison agreed last year to acquire Northeast, New England's larges electric utility, for $3.29 billion in cash and stock. The deal would create a utility holding company serving around 6 million customers, larger than Exelon Corp. which was formed by the merger of Peco Energy Co. and Unicom Corp.

In a decision released last week, the Connecticut Department of Public Utility Control made some minor changes from a draft decision objected to earlier by the two utilities, but failed to make it any more palatable, Con Edison said in a statement.

In its statement, Con Edison said without elaboration "Unless this order is substantially modified, it so significantly changes the economic effects and risks of the merger that it calls into serious question whether the transaction will be completed."

Among things in the draft decision the utilities objected to was a requirement that merger-related savings be passed on in large part to customers and a restriction on how much profit from the new holding company's Connecticut operations could be paid to the parent company. In addition, the regulators had asked for a 3 percent rate cut in Connecticut.

Con Edison, in its statement, said the companies "will reserve final judgment until we are able toassess the full effect of the final regulatory actions."

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