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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

NRC Renews License for Dry-Cask Spent Fuel at Surry Station

LCG, March 3, 2005--The Nuclear Regulatory Commission (NRC) has renewed Dominion Generation's license for its dry-cask independent spent fuel storage installation at the Surry nuclear power plant located near Surry, Virginia.

The renewal is exceptional in that it marks the first time that the NRC has renewed a license for a dry-cask spent nuclear fuel storage facility. Furthermore, the 40-year term of the renewal for spent fuel storage facilities represents an exemption from the NRC regulations that specify a 20-year license term. The NRC stated that the exemption is allowed for in that dry casks are an interim storage solution until a more permanent solution is available.

The renewal includes strict terms with respect to inspections and monitoring the aging and integrity of the casks. The current operating licenses for the two reactors extend through 2032 and 2033, respectively.

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