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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

California PUC Accused of Mishandling Contract Bidding

LCG, July 29, 2002-The Black Chamber of Commerce, California Disabled Veterans Alliance, California American Hispanic Chamber of Commerce, and the Council of Asian American Business Association have asked for a state investigation of $100 million in energy contracts.

The advocacy groups say that the California Public Utilities Commission did not obey state contracting law when conducting bidding.

Over this summer the PUC signed nearly 100 contracts with companies for promotion of energy saving devices, such as for fluorescent bulbs and insulation.

The groups say that the PUC's method of awarding contracts did not allow their members to compete in the bidding, alleging insufficient publicity and improper bidding processes.

PUC contends that it does not have to operate according to state contracting rules, and PUC energy division head Paul Clanon says that 10 percent of the money in question went to businesses owned by women or by ethnic minorities.

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