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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

Arizona Judge Recommends Divestiture Delay

LCG, July 24, 2002-Arizona Corporation Commission Judge Lyn Farmer issued an opinion yesterday recommending delaying the transfer of Arizona utilities' assets to unregulated affiliate companies.

Judge Farmer wrote that the divestiture of assets should wait until at least July 1, 2004. The intervening time would be spent conducting electricity market studies in order to guide the Arizona Corporation Commission in setting mitigation measures preventing negative market impact from the divestiture. Farmer advised that Pinnacle West Capital Corp.'s Arizona Public Service Company and Unisource Energy Corp.'s Tucson Electric Power be required to do such studies.

Farmer's opinion made no mention of the interim divestiture planned by Pinnacle West Energy, which would involve the sale of a few, recently constructed energy assets to Arizona Public Service Company. Three commissioners support the plan, which is meant to assuage Pinnacle West's financial concerns.

Arizona is currently shifting to a competitive energy market, but in light of recent market manipulation practices, the Commission is likely to be more cautious in moving assets out of state hands.

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