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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

National Grid to Manage Alliance RTO

LXCG, Aug. 29, 2001--British electric power transmission company National Grid Plc said yesterday that it has been selected as managing member of the Alliance regional transmission operator, an 11-state transmission system manager stretching from the Midwest to the Appalachians.

National Grid will make an initial investment of $75 million in Alliance Transco and continue with investments amounting to between 5 percent and 20 percent of the total invested by the RTO's 10 members.

During the seven-year contract, National Grid will be paid $14 million a year by Alliance. It will be able to increase those earnings through an incentive systems based on reliability and customer savings.

Alliance members have placed under the RTO's management transmission assets with a book value of $12 billion.

The deal must receive approval of the member companies as well as that of federal regulators, but the Federal Energy Regulatory Commission earlier this year gave Alliance its tentative okay.

In order to meet FERC's requirement that it be a "nonmarket" participant, National Grid said it would sell any remaining economic interests of affiliates in the power-generation and supply markets in the U.S.

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