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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

FERC Approves Louis Dreyfus to Trade Electricity

LCG, Oct. 14, 2002--The privately owned bank Louis Dreyfus received approval this month from the Federal Energy Regulatory Commission (FERC) after it sought to trade electric power and ancillary services.

Dreyfus trades commodities in over 50 countries, and applied in July with FERC to trade power in the United States. Among the ancillary services Dreyfus intends to offer are imbalance and spinning reserves within the PJM Interconnection, as well as through New York Independent System Operator (ISO), New England Power Pool and the California ISO. Spinning reserves are called upon when either an unexpected loss of generating capacity or a quick increase in demand necessitates that a running generator provide additional power.

A business unit of Dreyfus, Louis Dreyfus Electric Power Inc. has had approval to trade power since 1992. Rather than use the approval granted to that unit, the company decided for "business, commerical and corporate reasons" to create Louis Dreyfus Energy LLC.

As a condition of Dreyfus' ability to trade, it may need to submit reports to the FERC to show "that neither public nor private interests will be adversely affected by continued approval of Louis Dreyfus Energy's issuances of securities or assumptions of liability."
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