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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

PG&E Corporation Unit Slated for Bankruptcy Filing

LCG, May 14, 2003-National Energy Group, a subsidiary of the Pacific Gas & Electric Corporation, may enter Chapter 11.

On Tuesday PG&E Corporation noted its plans to file for bankruptcy for its electricity generation and trading unit. The Corporation also intends to omit National Energy Group from its earning projections may even surrender ownership.

PG&E Corp. already has one unit in bankruptcy court, PG&E utility, which serves customers in Northern California. The utility is well on its way to recovery and only faces obstacles as to which bankruptcy plan it will be permitted to execute.

National Energy Group, however, is one of the energy trade's most doomed companies, suffering from low energy prices after the high prices of 2000 and 2001. The company reported a net loss of $261 million for the first quarter, as opposed to a net income of $37 million for last year's first quarter.

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