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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

British Government Considers Nuclear Takeover

LCG, January 23, 2003-British officials are considering taking over a nuclear generation company in the United Kingdom because of its financial troubles.

British Energy PLC, which received a large loan late last year, has been having difficulty due in part to low wholesale power prices. The company announced a loss of £337 million ($546 million) during the six months up to September of last year.

Also last year, the United Kingdom took steps to deregulate its energy markets, but now the House of Commons may even change the law in order to allow the nuclear company to file for bankruptcy and come under government supervision.

Loans to the nuclear generation company were questioned by European and Canadian companies because some considered the £410 million loan to be unfair assistance and unapproved by the European Commission. The European Commission later did approve aid to the energy company, but environmental groups such as Greenpeace still oppose the aid because of safety and cost issues, contending that British nuclear generation is dangerous and not cost efficient.

British senior ministers will discuss possibilities today and may stop new nuclear construction for up to five years.

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