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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

Nevada May Remove Cap Connected With Renewables

LCG, Mar. 22, 2002--The chairman of the Nevada Public Utilities Commission has proposed revising a rule that has so far capped the cost that utilities and energy retailers can pass to customers in meeting minimum state requirements for renewable generation.

As part of Senate Bill 372, passed last year, satisfying renewable power requirements with wind, photovoltaics, geothermal and biomass was allowed to add no more than 0.05 cents per kilowatt hour in 2003 and 2004.

The decision by the chairman, Don Soderberg, was in response to a group of six assemblymen and six senators, that found that the cap was not intended as part of the law. Public hearings on the proposed rules will take place on May 6, with a vote by the PUC set for May 8. The group of legislators, the Legislative Commission, will then review the PUC ruling.

Nevada electric utilities are required to supply 5 percent of their customers' requirements with renewables in 2003, with annual increases to reach a 15 percent requirement by 2013.
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