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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

Peabody Issues Notice to Proceed with Prairie State Energy Campus

LCG, October 2, 2007--Peabody Energy announced yesterday that the Prairie State Energy Campus equity partners have completed financial closing and issued the notice to proceed to construct the planned coal-fired electric generating station in Washington County, Illinois.

The facility will include two, 800-MW, supercritical units that are scheduled to commence commercial operations in 2011 and 2012. The power plant will be located adjacent to the Lively Grove Coal Mine. The estimated cost of the Prairie State Energy Campus is $2.9 billion.

The Prairie State Energy Campus will provide base-load power to a number of public power entities in the region. The Prairie State partner group includes American Municipal Power-Ohio; Illinois Municipal Electric Agency; Indiana Municipal Power Agency; Kentucky Municipal Power Agency; Missouri Joint Municipal Electric Utility Commission; Northern Illinois Municipal Power Agency; Prairie Power, Inc.; and Southern Illinois Power Cooperative.

According to Peabody Energy, the partners have committed to purchasing nearly 1,435 MW or about ninety percent of the project's output, and discussions are on-going with the existing partner group to finalize ownership of the few remaining shares. Peabody expects to retain a five percent ownership position in the project.

In late August, a three-judge panel from the Seventh Circuit of the U.S. Court of Appeals affirmed the air permit for the Prairie State Energy Campus.
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