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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

Federal Judge Finds Legal Basis for PG&E Utility Rate Case

LCG, July 31, 2002-Federal Judge Vaughn Walker ruled that the Pacific Gas & Electric California utility had legal basis for its contention that state regulators unfairly prevented it from raising customer rates.

Pacific Gas & Electric utility filed for bankruptcy last year during the California energy crisis, when disparity between wholesale electricity rates and mandated customer rates stretched the utility's finances.

The utility wants to recover as much as $8.1 billion from customers and charges that the rate freeze prevented the utility from staying out of the red.

Judge Walker ruled that the utility had legal ground to stand on and a case management conference has been set for August 16.

State regulators contend that PG&E took in billions in surplus money before the energy crisis because of the rate freeze, $7.1 billion of which was used to pay dividends, buy back stock, and retire debt.

PG&E has over $13 billion in outstanding debt.

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