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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

Enron Will Sell Pipelines

LCG, May 21, 2004--Enron will sell a company it owns that has full or partial positions in pipelines in North America, a move that will leave Enron with only international pipeline assets once the deal is completed.

CrossCountry Energy Corp. was formed when North American and international pipelines were assigned to two distinct companies, after what Enron managers found to be lackluster bids to buy pipelines were submitted in late 2002. As part of the deal, NuCoastal LLC, run by Oscar Wyatt Jr. of Texas, will acquire CrossCountry for $1.8 billion.

According to Stephen Cooper, who became CEO to assist in Enron's bankruptcy reorganization and was quoted in the Associated Press, the sale "reflects a stronger market for quality, high-performing energy assets than we had seen two years ago." Before the transaction can go forward, it will require approval from U.S. Bankruptcy Judge Arthur Gonzalez in New York.
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