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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

FirstEnergy Seeks Progressively Higher Rates

LCG, Feb. 6, 2004--FirstEnergy has outlined a long-term rate structure proposal that raises the possibility of increases of as much 50 percent over three years.

Uncertainty about the rates would come from FirstEnergy's request that it be able to defer some rate increases until further into the future. According to the plan, charges that serve to "improve reliability of service" would be justified. A "Rate Stabilization Charge" would cover the possibility of spending in order to attract customers who may have switched to another supplier.

The Ohio Consumers' Counsel (OCC) has said that current charges should cover expenditures for reliable service, and that additional charges on these grounds are not justified. The implementation, modification or rejection of various elements of FirstEnergy's plan will be decided by the Public Utilities Commission of Ohio.
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