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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

Scottish Power Gets Utah Rate Hike for PacifiCorp

LCG, Feb. 5, 2001Scottish Power Plc, the big British utility that owns PacifiCorp, said this morning that Utah regulators had granted it a $70 million electricity rate increase to compensate for soaring power costs.

The rate hike was solely for increases in the cost of providing power, and does not compensate PacifiCorp for expenses incurred in connection with the breakdown of its 430 megawatt Hunter power plant in Utah, which is costing the utility a million dollars a day.

Scottish Power said it was pursuing rate increases in five other states where PacifiCorp does business. The entire U.S. West is caught in a power shortage, noted Scottish Power Chief Executive-designate Ian Russell who said that the tight wholesale power market was expected to persist for the next year or so until new generating capacity comes online and California adjusts its regulatory structure.

The Utah Public Service Commission also granted Scottish Power the right to use "deferred accounting" for a separate claim it intends to make as a result of the Hunter plant breakdown that occurred last November 24.

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