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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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FERC Approves Vistra's Plan to Acquire Nearly 2,600 MW of Gas-fired Power Plants

LCG, October 6, 2025--Vistra today announced that the Federal Energy Regulatory Commission (FERC) approved Vistra's acquisition of certain subsidiaries owning seven natural gas generation facilities from Lotus Infrastructure Partners. The acquisition was announced last May, and Vistra expects the transaction to close this quarter or during the first quarter of 2026. Vistra's acquisition remains subject to approval by the New York Public Service Commission and other customary closing conditions.

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Industry News

Canada Energy Minister Says Alaskan Gas Tax Credit Violates Agreement

LCG, May 3, 2002--Natural Resources Minister Herb Dhaliwal asserted that an amendment in the U.S. Senate's energy bill defies the nations' understanding to allow a free-market approach to Arctic gas pipeline routes.

Last week's U.S. Senate bill included a tax credit for Alaskan gas reserve owners. Exxon Mobile, BP Plc, and Phillips Petroleum would benefit if gas shipped from Alaska, through Canada, costs less than $3.25 per thousand cubic feet. The credit was included because the companies had insisted that the hypothetical pipeline, over $10 billion US for 4 billion cubic feet per day capacity, is not economically viable.

Prior to the energy bill, Canada and the U.S. had agreed to let the free market determine the details surrounding a possible pipeline to be built through Canada, from Alaska and the Mackenzie Delta.

Dhaliwal calls the amendment a subsidy to the companies.

"The message is we have an agreement which said both countries would be route-neutral and let it be market driven. If they move away from that we will have to reconsider our position to make sure we don't allow our gas to be stranded."

Canadian producers have already started the applications process for building a 1 billion cubic feet-per-day pipeline from the Mackenzie Valley to Alberta, at a cost of $2 billion US.

The controversial U.S. amendment has yet to be approved.

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