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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

Progress Energy Seeks Increase for Fuel Costs

LCG, June 9, 2003--While the base rates paid by North Carolina customers of Progress Energy Carolinas for electricity have remained stable for roughly a decade, the utility is seeking a rate increase based on its prior and future fuel costs.

The utility is seeking a 2.2 percent increase in overall revenues, or an increase of $53.6 million overall, based in part on the difference between what has been taken in and what it paid through March 31. As a pass-through charge, this component of the typical customer's electric bill is considered separately from the base rate. According to Progress, the typical customer would pay $1.53 more per month.
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