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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

Delayed Connecticut Plant Goes into Operation

LCG, Feb. 13, 2004--A 272-megawatt generating unit in Milford, Connecticut, for which construction began in 1999, yesterday started commercial operation.

A lengthy delay in construction was initiated by the plant's former owner, El Paso Corp., in 2000 after a construction worker died. El Paso defaulted on loans subsequently, and banks took possession of the plant at the end of last year. The firm Competitive Power Ventures (CPV) was retained to finish construction, and to operate the plant.

A second, 231-megawatt unit is expected to be completed in a few months, CPV vice president Peter Podurgiel told Reuters. CPV is majority-owned by Warburg Pincus LLC, a New York-based private investment company.
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