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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 Issues Subsequent License Renewals for First Time to Nuclear Reactors in Florida

LCG, December 11, 2019--The Nuclear Regulatory Commission (NRC) staff recently approved Florida Power & Light's (FPL's) application for an additional 20 years of operation for Turkey Point Nuclear Generating Units 3 and 4. This is the first time the NRC has issued renewed licenses authorizing reactor operation from 60 to 80 years. The subsequent (or second) license renewals (SLRs) for Turkey Point Unit 3 and Unit 4 now expire on July 19, 2052 and April 10, 2053, respectively.

The Turkey Point Nuclear Generating Units 3 and 4 are located on Biscayne Bay, approximately 24 miles south of Miami and just east of the Homestead area. The first unit began commercial operation in 1972, and the second unit followed in 1973. The units are Westinghouse pressurized water reactors (PWRs) that provide a combined electric generating capacity of 1,632 MW.

FPL submitted the Turkey Point SLR application on January 30, 2018, amending the application with additional information through April 10, 2018. The initial operating license for a nuclear reactor covers 40 years. A 20-year license renewal may then extend operations to 60 years of operations. The SLR process determines whether an operating reactor can safely extend its license for an additional 20 years (from 60 to 80 years of operation).

Roughly half of the nation's nuclear power plants will need to obtain an SLR by 2040 to continue operations. NRC approval of the first SLR is an important milestone for the nuclear industry and its potential to provide carbon-free electricity to 2050 and beyond.
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