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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

Texas Units May Be Mothballed by Centerpoint Unit

LCG, Oct. 4, 2002--Citing a lack of demand for backup power produced at its older gas-fired facilities, CenterPoint Energy Inc.'s Texas Genco is asking the Electric Reliability Council of Texas (ERCOT) if it may temporarily shut down 3,400 megawatts of generation.

"The current surplus of generating capacity in ERCOT, coupled with the lack of bids for these units in our previous capacity auctions, has caused us to take this action," said Texas Genco president and CEO David Tees in a statement.

The length of time during which the units could be taken offline would be through at least May 2003. If ERCOT finds that capacity is needed for reliability, some generation could remain operational. Texas Genco's generation portfolio totals over 14,000 megawatts, and extends to coal and nuclear-based as well as gas-fired plants.
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