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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

AES Reviewing Sale of Indianapolis Utility Stake

LCG, Feb. 20, 2002--Indianapolis city officials are monitoring developments after an announcement by AES Corp. that it would sell a stake in the holding company for Indianapolis Power & Light Co.

AES has owned IPALCO Enterprises for almost a year, and is considering the $600 million sale due to increased cash requirements. The company wants to raise $1.5 billion overall, but has reportedly told IPL that the sale will be limited to a 20 percent stake.

City officials' main concern is that AES retain ownership of IPL generating plants. If the plants were sold, the city might have to buy power from the market. Chief Deputy Mayor Michael O'Connor told The Indianapolis Star, "that would have a direct impact on consumer electric bills."

"We'll intervene at the federal level if this turns out to be more than a minority-stake sale," O'Connor said.

A spokeswoman for AES, Crystal Livers-Powers, said "AES is making this offering on the shares of IPALCO, not its assets." The company would either make an initial public offering or sell stock to a financial institution, the city said AES had indicated. AES is nearly certain to receive significantly less than its purchase price for IPALCO, due to the fall in energy company stock prices generally.
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