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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

AES to Restart Two Retired Southern Cal Units

LCG, May 15, 2001AES Corp. said yesterday that its Huntington Beach, Calif. plant had received the green light from the California Energy Commission to begin rebuilding two retired natural gas-fired electric generation units that will add 450 megawatts of new power in California.

The two units, built shortly after World War II, were retired in 1995 by Southern California Edison Co. the former owner of the Huntington Beach plant. The reconstruction will upgrade and improve the reliability of old boilers, replace obsolete controls, and install "state-of-the-art" emissions controls, AES said.

Ed Blackford, president and site manager of AES Huntington Beach, said "Not only will these unitsbe on line in time to address California's urgent need for electricity this summer, but the state-of-the-art modifications will make this plant one of the cleanest gas-fired plants in California."

Mark Woodruff, president of AES Southland, added "Not only will this project bring more clean electricity to California, it will also help lower electricity prices."

AES is one of the "biggest snakes on the planet earth" accused by California Gov. Gray Davis of price gouging.

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