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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

Con Edison, Co-op Plan 1,020 Megawatts for Maryland

LCG, April 5, 2001Old Dominion Electric Cooperative and Con Edison Development, a unit of Consolidated Edison Inc., said yesterday they planned to build a 1,020 megawatt natural gas-fired power plant near rock springs, Md.

Old Dominion had originally planned the facility with Reliant Energy Inc., and had received approval from the Maryland Public Service Commission last November. But Reliant backed out leaving the project in a state of suspension.

The plant will be built in two phases, with three combustion turbines with total capacity of 510 megawatts and all of the site infrastructure in the first phase. Construction of this portion of the plant will begin late this year and be completed in 2003. The second phase, adding another 510 megawatts, is scheduled to be completed a year later.

Under the agreement, Con Edison will own one-third of the plant and Old Dominion two-thirds. Old Dominion is a generation and transmission co-op serving 12 distribution cooperatives in Virginia, Maryland and Delaware.

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