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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

CA Bill Would Reduce PG&E Interest Cost

LCG, May 24, 2004--A bill passed by the California state Senate that would allow the utility Pacific Gas & Electric to lower its interest costs is now in the hands of Gov. Schwarzenegger.

Assuming that Schwarzenegger signs Senate Bill 772, by Senator Debra Bowen, D-Marina del Rey, the California Public Utilities Commission would then act to allow the utility to issue bonds to refinance a regulatory asset of $2.21 billion. "The quicker we act, the quicker the rates go down," Michael Peevey, the president of the PUC, told an investor conference this past wednesday.

The refinancing could result in savings in the amount of $1 billion from lower interest and tax payments. The asset to be refinanced was created in the course of PG&E's bankruptcy reorganization. Peevey expressed the belief that new bonds would be issued this year.
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