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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

California Utilities Will Buy Power in 2003

LCG, Oct. 25, 2002--The California Public Utilities Commission (PUC) yesterday mandated that beginning Jan. 1, 2003, Pacific Gas & Electric Co., Southern California Edison, and San Diego Gas & Electric must start buying power for their customers again, and will have access to interest-free credit from the state if necessary.

The Department of Water Resources will exit from its role as buyer of power at the end of this year, although it began buying power through long-term contracts signed during last year's energy crisis. Only a minimal percentage of overall supplies will be purchased by the utilities, which will be assigned the contracts.

The PUC also said that it would move from reviewing decisions made by the utilities after the fact to a new regulatory mode, of going over plans in advance of their execution. The investor-owned utilities have pushed for such treatment in cases in which unforeseen regulatory factors came to light once they had pursued initiatives on their own.

The President of the PUC, Loretta Lynch, said that with the ruling, "the utilities are back in business." It found that the utilities' projected purchases are "well within their ability to finance."
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