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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

Southern Outlines Plans for Mirant Spin-off

LCG, Feb. 20, 2001The Southern Co. board of directors yesterday approved the spin-off of subsidiary Mirant Corp., which was formerly called Southern Energy. The unit is Southern's "global independent power producer."

Last September, close to 20 percent of Mirant was sold in an initial public offering and the balance will be spun off to Southern shareholders. Depending on approval from the Internal Revenue Service, the distribution will be made on April 2.

A. W. Dahlberg, Southern's chairman and chief executive, said "With the planned spin-off, we're delivering that value to our shareholders. We're also creating two great companies from one. I believe each has an outstanding future."

Each Southern Co. shareholder will get about 0.4 shares of Mirant for each Southern share they own. Cash will be paid in lieu of fractional shares and will be taxable, the company said.

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