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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

Legislators Ask For Price Cap Extension

LCG, May 16, 2002-Western senators have asked the Federal Energy Regulatory Commission to continue the electricity price caps set last year to curb out-of-control prices.

Wholesale Californian electricity is sold at a maximum of $92 per MW-hr right now, but this price limitation will expire September 30.

Senators, including California's Barbara Boxer-D and Oregon's Ron Wyden-D, implored FERC to keep the limitations beyond the deadline, however FERC does not consider price caps an ideal method of regulating the market.

FERC has not decided what action will be taken and is still waiting for information from some California parties involved. The California Independent System Operator (ISO) has requested extension but has also submitted a plan, part of a larger proposal, to help control electricity prices. The ISO is responsible for reliability in the system and handles the California electricity grid.

Legislators have a renewed interest in electricity prices and contracts after the release of memos linking California's energy crisis of 2000/2001 to market "manipulation" by power companies like Enron.

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