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Canadian Solar's e-STORAGE Collaborates with Aypa Power to Install 2.1 GWh of Ontario Battery Storage Projects

LCG, October 2, 2025--Canadian Solar Inc. yesterday announced that e-STORAGE, part of the Company's majority-owned subsidiary CSI Solar Co., Ltd., has entered into Battery Storage Agreements (BSA) and Long-Term Services Agreements (LTSA) with Aypa Power, a Blackstone portfolio company that develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects.

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Vistra to Install New Gas-Fired Units at Permian Basin Power Plant

LCG, September 30, 2025--Vistra Corp. announced yesterday that it will proceed with the next phase of its capital plan to support grid reliability in Texas. In 2024, Vistra identified over $1 billion worth of potential capital additions in generation capacity within the Texas ERCOT market by 2028 if market conditions were supportive. Now, with West Texas' growing power requirements, particularly the state's expanding oil and natural gas industries, Vistra reached a final investment decision and confirms it will build two new advanced natural gas-fired power units on-site at its Permian Basin Power Plant.

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Industry News

Energy East to Buy RGS Energy for $1.4 Billion

LCG, Feb. 20, 2001Energy East Corp. said this morning it had agreed to acquire RGS Energy Group Inc. for $1.4 billion in cash and stock, in a move that could help Energy East live up to its billing as a "super-regional" energy company.

The acquisition would create a company with $5 billion in annual revenues and close to $10 billion in assets. The combination of Energy East's New York State Electric & Gas Co. and RGS' Rochester Gas & Electric Co. would give it nearly 3 million customers.

Directors of both companies have approved the transaction, which Energy East will record as a purchase. Regulatory approvals are expected to take about a year.

The two operating utilities' service territories have about 200 miles of contiguous border which is expected to produce about $50 million in annual savings. The new company would have operations in upstate New York, Connecticut, Maine, Vermont and Massachusetts.

Under the deal, RGS Energy shareholders would receive the equivalent of $39.50 for each share of RGS stock they own, a 19 percent premium over Friday's closing price on the New York Stock Exchange. RGS shareholders could select how they want the deal handled so long as the overall ratio of cash to stock is 55 to 45.

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