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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

Duke Submits COL Application for New Nuclear Power Station

LCG, December 14, 2007--Duke Energy yesterday submitted a combined construction and operating license (COL) application to the Nuclear Regulatory Commission (NRC) for the William States Lee III Nuclear Station. The new generating capacity is needed to meet Duke Energy Carolina's forecast growth in electric demands.

Unlike most plans to construct nuclear reactors in the United States, Duke proposes to build the two reactors at a greenfield site, rather than to add new capacity at an existing nuclear power station. The site is located in Cherokee County, South Carolina.

Duke selected Westinghouse Electric's AP1000 design for the William States Lee III Nuclear Station. The AP1000 design incorporates passive safety features. The NRC approved the Design Certification on December 30, 2005. The proposed two units will have a combined electric generating capacity of 2,234 MW.

Duke's COL application relies upon the COL application submitted October 31, 2007 to the NRC by the Tennessee Valley Authority (TVA) and NuStart Energy, a consortium of nuclear energy companies, to build two nuclear reactors at TVA's Bellefonte site in northern Alabama. Other companies that have announced the selection of the AP1000 design as the basis for additional COL applications to construct reactors include Progress Energy, Southern Company, SCANA and Santee Cooper.
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