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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

Global Warming Bill Defeated in Senate

LCG, Oct. 31, 2003--A measure sponsored by Senators John McCain, R-Ariz., and Joseph Lieberman, D-Conn., that would have created an incentive-based program for limiting emissions of greenhouse gases and carbon dioxide was rejected yesterday in a 55-43 vote.

McCain said that the outcome notwithstanding, he would bring a similar measure up for a vote in the future. In 1997, a Senate vote indicated near-unanimous opposition to measures that would cause economic harm for the United States, by 95-0.

Democrats were mostly supporters of the measure, although ten voted against it. Six Republicans voted in favor. The difference between yesterday's vote and the one in 1997 may show greater concern among legislators about shifting public sentiment and opinions on economic effects of environmental policy.

The New York Times reported that some votes for the measure were potentially cast by Senators who may have voted otherwise had they felt the measure had a significant chance of passing.
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