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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

LA Utility Faces Another Lawsuit for Alleged Overcharging

LCG, April 2, 2002-Following Attorney General Lockyer's lead, five government agencies filed suit against the Los Angeles Department of Water and Power for allegedly overcharging by $200 million over 10 years.

Los Angeles County Unified School District, Los Angeles County Metropolitan Transportation Authority, Los Angeles County Community College District, and Los Angeles County have been joined by California Attorney General Bill Lockyer in the lawsuit and are seeking triple damages.

Lockyer had filed a similar suit in March and claims that the municipal utility consciously charged customers too much in order to dissipate costs of building new plants.

The plaintiffs have filed the suit in the San Francisco Superior Court.

Los Angeles Department of Water and Power denies the charges, and its legal representation says that there are problems with the suit regarding the statute of limitations.

The suit relies on studies conducted in 1991 and 1992 that show electricity rates higher than allowed as a percent of the cost of generation.

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