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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

San Francisco Voters go for Solar Power

LCG, Nov. 8, 2001--San Francisco voters on Tuesday overwhelmingly endorsed using the sun to generate electricity for their fog-shrouded city.

When the votes from all precincts had been counted yesterday, a solar power measure had won with 73 percent of the vote. The initiative will allow the city to issue $100 million in revenue bonds to pay for solar power systems.

Among the backers of the proposition was the anti-nuke activist group Greenpeace. "We think it's historic," said Danny Kennedy, who coordinated the group's campaign in California. He said the nation has "turned the corner and become a leader in the solar race because of this choice by San Francisco citizens."

Supporters of the measure say that within a year San Francisco could have 20 megawatts of solar capacity on the roofs of public building and schools. Another 30 megawatts could be produced by wind turbines scattered around the Bay Area.

While solar arrays produce some electricity even when the sun's rays weakly penetrate a thick layer of fog, wind turbines produce no electricity at all unless the wind is blowing just right. San Francisco can probably count on about 16 megawatts from all those photovoltaic cells and wind turbines.

The city of San Francisco represents a standard load of about 1,000 megawatts. On Tuesday, voters also approved a ballot measure to form a municipal utility and get a divorce from Pacific Gas & Electric Co.

It will take a lot of solar power to keep the lights lit.

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