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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 PUC to Consider Power Rate Reduction

LCG, May 13, 2003--Modified "revenue requirements" at the California Department of Water Resources (DWR), requirements stemming from past power purchases, could mean that the California Public Utilities Commission will decide to put in effect a rate reduction for power customers of the three largest California utilities.

The DWR would continue to receive payments from the utilities - Pacific Gas & Electric, Southern California Edison, and San Diego Gas & Electric - in order to repay the agency for purchases which ended at the end of 2002. Gov. Gray Davis was to announce the possible rate cut this afternoon, and will press the PUC to implement a rate cut as soon as possible.

The commissioner Carl Wood said that the reduction is "doable by the end of the year if it's justified. A reduction would be very welcome."

Mindy Spatt, spokeswoman for The Utility Reform Network, said "We will take any reduction we can get because consumers are paying very inflated rates." Rate cuts for each of the three utilities' customers are under consideration. A rate increase of up to 40 percent in some cases was put in place in 2001, following rapid deterioration in the financial health of the utilities as power prices spiked in 2000 and 2001.
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