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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

Judge Blocks New York City Summer Power Plants

LCG, April 5, 2001A New York Supreme Court judge yesterday threw a money wrench into plans by Gov. George Pataki to have seven new, small power plants in service in New York City by this summer, saying the New York Power Authority must halt all work until it conducts a thorough environmental review.

Judge Joseph G. Golia in the State Supreme Court in Queens ruled only on a plant planned for that borough, but dealt with some of the same issues being considered in a Brooklyn lawsuit challenging all the plants.

The NYPA, pressed to meet an expected electricity shortage in the Big Apple this summer, decided that it did not need to prepare environmental impact studies for the mini-plants, because of the time required for such studies.

Judge Golia said the Authority was in error, and concluded that it had marshaled its facts to support its pre-determined position. He gave parties to the suit five days to work out a settlement for him to sign. In the meantime, work on the Queens plant went on.

The Power Authority plans to install 11 small gas-fueled combustion turbines at six sites in New York City, two in the South Bronx, two in Brooklyn, one in Queens and one on Staten Island. A seventh site is on Long Island.

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