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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

Western Electricity Investigation to Conclude by February

LCG, September 5, 2002-The Federal Energy Regulatory Commission has announced it expects to finish its inquiry into the energy crisis of 2000/2001 by February 2003.

At a Lehman Brothers conference yesterday, FERC Chairman Patrick Wood asserted that evidence gathering would ideally be completed by the end of December and definitely by February of next year. Companies found innocent of market manipulation will be publicly cleared as part of an effort to restore investor trust. A final report on the investigation will aim to give direction to a new and, it is hoped, financially sound, wholesale electricity market.

Wood touched upon other topics at the conference as well, including the establishing of FERC's standard market design and the creation of new liquified natural gas pipelines from northern areas like Alaska.

He admitted that FERC did not do its part to prevent the crisis, but he was positive about FERC's ability to create a market resistant to a repeat performance of that which occurred last year.

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