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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

Rising Costs Hit Silicon Valley Transmission Upgrades

LCG, Aug. 15, 2001--Transmission constraints could replace insufficiency of power supply as the next electrical problem for California's Silicon Valley, as rising costs threaten to disrupt plans by Pacific Gas & Electric Co. to provide badly needed improvements to serve the area.

The problem could be felt as early as next summer, according to a draft decision by California Public Utilities Commission administrative law judge Sarah Thomas.

In 1999, PG&E proposed to build a 7.3-mile 230 kilovolt transmission line, a new power switching station, and upgrade other facilities serving Silicon Valley, the high-tech corridor south of San Francisco.

But now, new requirements that the wires be placed underground with cable that has to be ordered from France, and rising land costs have boosted the estimated cost from $77 million to $182 million, a big jump for a bankrupt utility.

"The record of the need for the new facilities reflects that the current transmission capacity will beinsufficient to meet demand as early as summer 2002, and it will take PG&E some time to build theproject," Thomas said yesterday.

A spokesman for PG&E said the project now looks like it could be completed by summer of 2003, at the earliest.

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