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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 Will Question El Paso Electric About Enron

LCG, October 29, 2002-The Federal Energy Regulatory Commission intends to further examine transactions between Enron and Texas utility El Paso Electric.

El Paso Electric, not to be confused with the unrelated gas company El Paso Corp., was intimately involved with electricity sent into California during the energy crisis of 2000/2001. Enron marketing associates were reportedly involved with trading electricity on behalf of the utility.

Pedro Serrano, former El Paso Electric vice president, and Kathy Peterson, a current employee in the utility's power marketing segment, will be questioned on November 6. The depositions, to be held at FERC's Washington headquarters, are intended to uncover whether or not the utility participated in any of Enron's convoluted trading schemes in order to manipulate Western electricity markets.

Earlier this year FERC began investigations of El Paso Electric when the utility was found to have "excessive joint dealings" with now bankrupt energy company Enron in 2000 and 2001. El Paso Electric made significant revenue from such dealings, taking in $7.3 million during the month of June in 2000.

El Paso Electric serves roughly 309,000 customers in Western Texas and Southern New Mexico.

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