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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

House May Require DOE Comment on Standard Market Design

LCG, Sep. 9, 2002--The Secretary of Energy, Spencer Abraham, would be required to file a report on the possible effects of implementing the Federal Energy Regulatory Commission's "standard market design" rules, according to a bill passed by the U.S. House Appropriations Committee.

The bill would need to be passed as part of a larger $26 billion energy and water spending bill before both the House and Senate. Among the subject areas the committee is interested in are regional wholesale and retail electricity prices, tarrif oversight by state utility commissions, transmission reliability and infrastucture enhancement.

"Standard market design" is scheduled to apply to all market regions, which would operate under a unified network tariff by Sep. 30, 2003. FERC intends the rules to bring about lower costs and greater access for competing suppliers, while some utility commissions and state governors have objected to loss of ratemaking authority and possible subsidization of infrastructure development by regions not receiving benefits. The report sought by the committee bill would need to be filed 90 days prior to the market rules' finalization.
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