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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

Coal Supply Refused to Huge Drax Plant

LCG, October 17, 2002-A coal supplier refused to deliver coal to the 4,000-megawatt British Drax plant because it had not paid its bill.

Supplier UK Coal Plc stopped coal service to Britain's largest power plant today because the AES Corporation, which owns the Drax plant, could not pay its $19 million coal bill. Earlier this week, TXU Europe, a subsidiary of the TXU Corporation of Texas, neglected to pay AES for $31 million worth of electricity.

The Drax plant, located in Yorkshire, England, consumes 25 percent of UK Coal's product.

The energy sector in Britain has fallen in step with its American counterparts, and many in industry are facing financial difficulties. Last month British Energy Plc, England's nuclear power source, narrowly avoided financial downfall and is currently using government assistance in order to stay in operation.

Meanwhile, TXU Europe has come up with the required cash to pay its AES bill and UK Coal may be paid as early as Friday. The Drax plant currently has enough coal for over 2 months, and plant officials are not overly concerned about potential impacts of the situation as yet.

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