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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

Former Edison President Appointed to PUC

LCG, March 6, 2002A former president of Southern California Edison has been appointed to the California Public Utilities Commission.

California Governor Gray Davis named Michael R. Peevey to the PUC. Peevey will take the place of Richard Bilas, who is resigning, citing frustration with policy and his wifes health.

Daviss decision has been received negatively by consumer groups because the commission is responsible for regulated Edison, among other utilities, and Peevey, in addition to being the ex-president of Southern California Edison from 1990 to 1993, has a history of pushing for steeper small business and residential rates, according to The Utility Reform Network. However, the California Chamber of Commerce and industrial energy user lobbyists have supported his appointment.

Steve Maviglio, Davis spokesman, said that Peevey will be required to divest holdings and remove himself from other positions with a potential for a conflict of interest.

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