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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

Newsmakers

Calpine Corp. has promoted E. James Macias to executive vice president and chief operating officer. Macias will be in charge of the company's power generation, Calpine Energy Services, and Gas Resources, among other ventures. Macias has served as senior vice president -- power and industrial marketing, and led negotiations with California for long-term power contracts. Prior to joining Calpine, Macias worked for 22 years within the gas supply and power generation businesses at Pacific Gas & Electric Co.

Daniel R. Allard has been promoted to senior vice president of Calpine Canada. Allard, who joined Calpine in 1997, was most recently vice president of business development - Calpine Canada. He will manage power generation, oil and gas operations, and energy trading and marketing.

Michael P. Thomas has been promoted to senior vice president at Calpine Corp. In his new role, Thomas will be responsible for cash management. He will continue as corporate treasurer, overseeing Calpine's corporate credit function. Before joining Calpine in 1994, Thomas worked for nearly a decade in the banking industry.

Joseph E. Ronan, Jr. has been promoted to senior vice president of Government and Regulatory Affairs at Calpine Corp. Ronan, who served Calpine as general counsel from 1992 through 1998 before becoming vice president of government and regulatory affairs in 1999, has also worked as an attorney with the federal government, the state of Wyoming and in the oil and renewable energy industries.

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