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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

FERC Commissioners Rule Merchant-Built NY Line Not Required to Expand

LCG, Sep. 6, 2002--The owners of a transmission line from Connecticut to New York's Long Island do not share the obligation of integrated utilities to upgrade their line to match growing demand, the Federal Energy Regulatory Commission ruled yesterday.

As part of the ruling, Commissioner William Massey expressed some concern that by not holding merchant transmission owners to the standards of regulated utilities, the ruling could allow such owners to diminish competition. Massey acknowledged that the set of power market rules recently announced for review, standard market design, will provide a protocol on the issue.

The company that owns the 24-mile Cross Sound Cable, capable of transmitting 330 megawatts, is Transenergie U.S. Ltd.
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