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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

Hayward, CA Plant Receives License

LCG, Sep. 13, 2002--A 600-megawatt plant proposed by Calpine Corp. received approval from the California Energy Commission Wednesday.

The Russell City plant may be built starting in 2003, with operations expected in 2005. It would qualify as the largest power plant in Alameda County, providing power to the San Francisco Bay area, with Oakland to the north and San Jose to the south.

The plant would burn natural gas in a combined-cycle configuration. The city of Hayward and Calpine had discussed low-priced contracts through which the city would buy some of the output of the facility, but terms have not been made final.

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