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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

Merchant Plants' Siting May Be Regulated in Kentucky

LCG, Mar. 21, 2002--A bill passed unanimously by the Kentucky Senate that would give local decision-makers greater control over merchant plant siting will now be considered by the House.

Kentucky has received 29 applications since 1999 for the building of merchant power plants. Lawmakers have expressed concern that low prices offered by Kentucky utilities would lead the plants to sell all of their power out-of-state, offering little benefit to Kentucky.

Sen. Ernie Harris, R-Crestwood, is the sponsor of Senate Bill 257, which also requires an environmental impact study for regulated and merchant plants at the local level. A siting board would be mandated to consider local input on siting decisions.

Tom Fitzgerald, of the Kentucky Resources Council, said that while he approves of Senate Bill 257's treatment of siting approval for new plants, he would like expansion decisions at existing plants to be subject to review as well.

A lobbyist for the Kentucky Association of Electric Cooperatives, Hayden Timmons, speculated that the bill's passage in the Senate raised the likelihood that the House would approve it, although House Democrats and Senate Republicans are not yet unified.
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