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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

Peco to Buy 49.9 Percent of Sithe, May Take All

LCG, Aug. 14, 2000--Peco Energy Co. said this morning that it had signed an agreement with French utilities and media conglomerate Vivendi to take a 49.9 percent stake in its Sithe North America electric power business for $682 million.

The sale by Vivendi comes about a year after the company said it would sell its 60 percent interest in Sithe, the balance of which is owned by the American companys management and Marubeni Corp. of Japan. Peco said it had options to purchase the remaining interests in Sithe over the next two to five years.

Sithe recently sold several of its power plants to Reliant Energy Inc. for $2.1 billion but still will add about 3,800 megawatts to Pecos generation portfolio. When Peco completes its merger with Unicom Corp., parent company of Chicagos Commonwealth Edison Co., the combined business will have around 46,000 megawatts of total capacity.

Vivendi said the sale would cut its debt by close to 4 billion euros ($3.6 billion U.S.) and produce capital gains of about 150 million euros ($135 million). The sale is expected to help the French company in its planned takeover of Seagrams of Canada.

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