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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

Southeastern Grid Plan Gains Momentum

LCG, Oct. 11, 2002--An outline for a regional transmission organization (RTO) that would serve an area extending from South Carolina to Louisiana and central features concerning its management were approved by a 4-0 vote by the Federal Energy Regulatory Commission (FERC), allowing its supporters to develop a full, detailed proposal for an entity known as SeTrans.

The design of SeTrans has been developed thus far by Southern Co., which has a significant transmission presence in the Southeast, Entergy Corp., based in New Orleans, and by nine municipal and public providers of power. The states seen as having at least part of their transmission grid overseen through SeTrans also include Georgia, Florida, Alabama, Mississippi, Arkansas, and Texas.

The approval of the outline raises the likelihood that the formal proposal will be substantially accepted by FERC as conforming with its proposed rules concerning grid reliability, tariff design, and an independent grid administrator.
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