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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

Financial Condition of British Energy Could Reflect on Bruce Power

LCG, Sep. 6, 2002--With the privatized British Energy seeking U.K. intervention to prevent insolvency, conditions at one of its subsidiary's nuclear plants in Canada are seen as having the potential to be adversely affected.

The Canadian Nuclear Safety Commission would like assurance that during the next six months, Bruce Power will have the financial resources to operate its eight nuclear reactors in Ontario without trouble. The commission's request is a part of its normal role, in which nuclear operators are required to provide updates at three month intervals.

"As one of the conditions of its operating license, Bruce Power is required to have financial guarantees that if ever they should have to cease operations there would be financing available to them to cover their operations for six months to ensure a safe shutdown," spokesman Michel Cleroux of the CNSC disclosed to Reuters.

If British Energy, as an 82-percent owner of Bruce Power, cannot provide adequate reassurance to the licensing body, Bruce Power would need to seek its own financing arrangements. Bruce Power is also owned by Cameco Corp., a miner of uranium.
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