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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

Payer of Connecticut Utility's Congestion Charges Disputed

LCG, July 2, 2003--Charges for congestion that have been included in Connecticut Light & Power (CL&P) ratepayers' bills will continue to be the responsibility of the utility, not suppliers, unless the Federal Energy Regulatory Commission rules otherwise.

The charges, which arise when the effective limit of transmission lines' capacity is reached, were first put in place in March by the Independent System Operator - New England (ISO-NE). So far, the costs have amounted to $47 million, and represent about 6 percent on the typical customer's bill. As congestion costs change according to disparities in generation costs between different areas, they are intended to encourage investment, which would serve to drive the costs down.

The Connecticut Department of Public Utility Control (DPUC) determined that the congestion charges should be paid by CL&P at present. The utility contended that suppliers such as Northeast Utilities' Select Energy, Xcel Energy Inc.'s NRG Energy, and Duke Energy Corp. should pay the costs. FERC intends to determine a timetable for deciding the issue on July 9.
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