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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

Rule Changes Made in Florida Plant Bidding

LCG, Jan. 6, 2003--Florida Power & Light, the regulated utility unit of FPL Group Inc., reacted negatively last Friday to modest changes to the bidding rules that govern how builders of new base-loaded power plants are selected in Florida.

A group of independent power producers which has complained that the winning bids have always been one of the state's major utilities was pleased with the moves by the Florida Public Service Commission. The requirement that bidding take place was instated in 1994.

Members of the Partnership for Affordable Competitive Energy (PACE) had been aiming at having an "independent evaluator" monitor bidding, to ensure fairness. Instead, the Commission allowed that the utilities (the other utility, Florida Power, was just re-branded under parent Progress Energy) would have to reconsider others' bids any time their own bid's cost structure was changed. PACE members, among which are Calpine, Mirant, and PG&E Corp., felt that this would make the process more open.

FPL spokesman Mike Swank contended that "The changes have the potential for substantially lengthening the bid rule process." Swank said that the utility would attempt to have the new rules undone.
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