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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 and ConocoPhillips Announce Kentucky Coal Gasification Project

LCG, December 18, 2008--Peabody Energy Co. and ConocoPhillips announced Tuesday a proposal to develop a coal gasification facility in Kentucky at a site previously targeted by Peabody for the Thoroughbred Energy Campus, a 1,600-MW, coal-fired power plant. An air permit application for NewGas was filed on Monday with the Kentucky Division of Air Quality.

With the announcement of the new gasification project, Kentucky NewGas, Peabody withdrew its air quality permit application for the Thoroughbred Energy Campus. A Peabody spokesperson stated, ?Given all factors under consideration, we believe that our coal-to-gas project would create the highest value....This project has multiple markets and uses for the product, including residential consumers, industrial customers and power plants."

The Kentucky Division of Air Quality expects the environmental review to require one to two years. Given an approved air permit, the companies will then determine whether or not to continue with the project. The construction period for the project is estimated to require four years.

Peabody has battled opposition from environmentalists regarding the Thoroughbred Energy Campus and the associated air permit for some time.
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