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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

Allegheny Alleges Merrill Lynch Made Wash Trades

LCG, September 26, 2002-Yesterday Allegheny Energy announced a lawsuit against Merrill Lynch, alleging the investment bank made wash trades to increase trading volume.

Allegheny bought Merrill Lynch's energy trading unit, Global Energy Markets (GEM), for $490 million. Now the energy company asserts that the investment bank participated in "wash trades," with energy companies like Enron, resulting in falsely large trading volumes and therefore a manipulated picture of how well GEM performed.

Allegheny's lawsuit was filed one day after Merrill Lynch announced that it would file suit against Allegheny for $115 million in delinquent payment for the trading unit.

Allegheny's lawsuit was filed with the Supreme Court of New York.

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