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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

EPA Not Given Authority in Permitting for TVA Plant Upgrades

LCG, May 3, 2004--An appeal by the Environmental Protection Agency (EPA) of a ruling made last year by the 11th U.S. Court of Appeals in Atlanta will not be heard by the Supreme Court, meaning that the ability of the EPA to regulate the Tennesse Valley Authority's maintenance of its power plants is still in doubt.

At issue is an attempt by the EPA in 1999 to require the TVA to install emission reduction equipment, as it required of other utilities that made equipment upgrades at power plants. The TVA, a government-sponsored utility, has argued that changes made at nine coal-fired power plants did not fall into the category of upgrades, only maintenance.

The 11th U.S. Court of Appeals ruled last year that although both the EPA and TVA are government agencies, TVA could lawfully dispute EPA's order in court. The Supreme Court indicated today that it would not hear an appeal filed by the U.S. Solicitor General's office for the EPA.
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