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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 Gets $83.32 Per Megawatt-hour in Third Quarter

LCG, Oct. 27, 2000--Independent power producer Calpine Corp. said yesterday that the average price it received for electricity it generated during the third quarter was $83.32 per megawatt-hour, a 71 percent increase from $48.74 in the same period last year.

The robust increase in revenue per unit of production boosted Calpine's earnings beyond expectations. The company said third quarter earnings, before an extraordinary charge, rose to $147.1 million, or $0.96 a share, from $42.9 million or $0.37 in 1999.

Calpine's results easily exceeded Wall Street estimates of $0.79 per share and the company sounded like it could use Al Jolson's line: "You ain't seen nothin' yet."

Peter Cartwright, chief executive of the San Jose, Calif. company, said "We are very confident that we will exceed the analysts' expectations (in the next quarter)," and Rick Barraza, vice president for investor relations echoed "We are going to have a very strong finish to an excellent 2000."

Calpine said it sold almost a third of its power in California and other western states where prices soared this summer due to a booming economy based on energy-hungry computers and Internet devices.

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