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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

California Assembly Advances Plant Inspection Bill

LCG, Apr. 9, 2002--Gov. Davis of California may this week consider a bill narrowly passed by the Assembly that would allow the state Public Utilities Commission to enforce a set of plant operations guidelines at privately owned power plants.

Outages for maintenance or unforeseen repairs are seen as a possible threat to the security of the state's power supply. Supporters of the measure, SB 39xx, believe that government inspections would prevent outages from driving up power prices. Loretta Lynch, president of the PUC, said the bill's passage is "a significant blow to generators that don't play by the rules."

Detractors think that if the bill were to be made law, its overall effect would be to discourage power companies from investing in new power plants. Bill Leonard, R-San Bernardino, said SB 39xx represents "a huge intrusion on private industry," and could lead to further blackouts.

The Senate has yet to vote on the bill. Gov. Davis, while in favor of the intentions behind the bill, has signalled he has to weigh the enforcement provisions before making a decision on whether he can sign the measure into law. The guidelines for plant operations would be determined by a three-person committee, and directly implemented by the PUC.
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