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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

Entergy Texas Proposes 993-MW Combined-Cycle Plant in Texas

LCG, October 12, 2016--Entergy Texas submitted an application Friday to the Texas Public Utility Commission for approval to build a natural gas-fired power plant in Southeast Texas. The 993-MW combined-cycle project is estimated to cost approximately $937 million. Given timely approval, construction is anticipated to begin in early 2019. Operations are scheduled to commence in 2021.

Entergy expects the additional electric generating capacity will be needed to meet a 700-MW supply shortfall forecast in 2021. Given load growth, aging power plants, and expiring power supply contracts, the shortfall is expected to increase to 1,200 MW by 2022.

Entergy Texas' president and CEO stated, "We are planning for the future. As utilities, we have to look way, way far in advance."

The proposed electric generating facility would be built just west of Willis, where the company already has a small facility.
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