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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

California Assembly Rejects $10 Billion for Power

LCG, Feb. 1, 2001The lower house of the California legislature early this morning rejected a measure that would have allowed the state to purchase $10 billion worth of electricity and resell it at cost to cash-strapped utilities.

The state Senate had approved the legislation by a 27-8 vote yesterday and the Assembly had hoped to get the measure to Gov. Gray Davis by midnight. But when the weary lawmakers took a vote, the bill passed by 51 to 28, missing the two-thirds majority needed for passage.

The bill's supporters, almost solidly Democrat, said they would take another vote today in an attempt to win over three Republicans.

Assembly Speaker Robert Hertzberg, calling on lawmakers to vote for the measure, said "The critical point that I want to make tonight is, like it or not, we're in the power business."

The bill calls for the state to issue billions of dollars worth of tax-exempt bonds to finance long-term power purchases. The bonds would be repaid through higher electric rates charged to customers, over a period of 10 or more years.

Earlier, a number of Senate Republicans had said that they would vote for the bill only if Davis took full responsibility for the legislation, and even Democrats were putting pressure on the governor to act decisively. Sen. Don Perata, an Oakland Democrat, said the governor has not shown leadership, adding "This is not easy for a Democrat to be saying what I'm saying."

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