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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

Reliant Will Restructure, Change Name

LCG, July 8, 2002--The trading unit of Reliant Energy Inc., Reliant Resources, will become a separate entity, while the parent company will become CenterPoint Energy.

"The companies have different markets, different strategies and different aspirations," said Steve Letbetter, the chairman and chief executive of Reliant Energy. The move represents an attempt to allow the separate businesses better access to capital. Discussions have been ongoing over banks' extending existing credit lines.

The trading unit, Reliant Resources, last week restated $7.8 billion in revenue for the years 1999 through 2001, to offset the inflating effect of round-trip trades, reciprocal trades with other companies in which little or no profits are realized.
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