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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 Receives Criticism Over Grid Incentives

LCG, Mar. 14, 2003--The period allowed by Federal Energy Regulatory Commission (FERC) for public comment on current rulemaking proposals ended yesterday, with a number of commercial energy users and state agencies questioning a method to reward utilities that sell their transmission assets or make them part of regional grids.

Numerous estimates were made of how much energy consumers would pay to utilities that were allowed incentives of up to 300 basis points in higher rates of return to yield control of their transmission assets. FERC believes that opening the transmission grid by encouraging regional transmission organizations would lead to lower energy prices. While the Edison Electric Institute, a representative for a group of large investor-owned utilities, put the cost of the incentives at $20 million per year, a group of state consumer advocates estimated their cost at $711 million per year.

Profit margins of 15 percent could be possible for utilities under the proposed rules. Williams Cos. Inc. found that the reduction of discrimination in grid access would be beneficial, with the incentives costing residential consumers less than $2 per year. Companies submitting comments to the FERC included Boeing Co., Georgia-Pacific Corp., Hewlett-Packard Co. and Weyerhauser Co. Members of that group found the rates of return that would be allowed to be excessive.
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