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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

High Prices May Have Resulted from Inaccurate Price Indexes

LCG, Oct. 18, 2002--The Commodity Futures Trading Commission (CFTC) is investigating how price indexes used to settle energy contracts may have been manipulated following disclosures by Dynegy and American Electric Power Co. (AEP) that they had falsified prices they provided to a prominent industry publication.

"Most contracts, directly or indirectly, are tied to one of these indexes," Arthur Corbin, president of the Mnicipal Gas Authority of Georgia, a gas purchaser, told Bloomberg. The indexes in question are developed through a survey of anonymous traders' data, used by Platts, a division of McGraw-Hill Cos. The actual prices at which specific company trades are made are not normally disclosed. Mirant Corp. and Reliant Resources Inc. have said that they are reviewing data submitted in the past to verify their accuracy.

Platts has had its list of subscribers and names of employees who collect price information subpoenaed. According to Platts spokesman Jim Keener, his company is cooperating fully with the probe. The CFTC is seeking "any information that indicates any person's knowledge of false, inaccurate or otherwise incorrect pricing and volume information." The government is interested in determining if false information may have exacerbated the Western energy crisis of 2001.
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