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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 Files New Complaint Against Power Companies

LCG, Mar. 21, 2002--California's Attorney General Bill Lockyer filed a complaint with the Federal Energy Regulatory Commission on Wednesday, alleging that generators had not responded to record-keeping rules regarding their rates.

In a prepared statement, Lockyer said, "by not filing their rates, either before of after the fact, wholesale power providers have managed to evade any meaningful rate regulation by FERC." The complaint said that generators had not filed quarterly explanations of their costs, and did not detail their rates with FERC when the state's Department of Water Resources made short-term purchases.

FERC received a complaint from Lockyer in 2001 asking for up to $9 billion in charges to be refunded. The agency has said that it will have a response to that complaint in August, and has signaled that any refunds would not match the full amount California is seeking.

Gary Ackerman, who represents the Western Power Trading Forum for generators and traders, said Lockyer's suit gives an inaccurate picture of the information generators were required by federal rules to report. "This has no basis in any federal legislation or statute. It's just not there," Ackerman told the Sacramento Bee.
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