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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

NRC Kicks Back FirstEnergy's Application to Renew Operating License for Beaver Valley Station

LCG, March 29, 2005--The Nuclear Regulatory Commission (NRC) has determined that the application to renew the operating licenses of Units 1 and 2 at FirstEnergy Nuclear Operating Companys (FENOC) Beaver Valley nuclear power station is unacceptable for docketing. FENOC stated that it plans to revise the 1,500-page license renewal application (LRA) and to resubmit the LRA to the NRC this summer.

On February 9, 2005, FENOC submitted the license renewal application to the NRC, and the staff began its acceptance review to determine if the application is complete prior to initiating the detailed, technical review. The comprehensive document includes engineering reviews of plant equipment, components, structures and various programs. If granted, the renewal will extend the license to operate the plants by 20 years. The original, forty-year licenses were granted for Units 1 and 2 in the years 1976 and 1987, respectively. A spokesperson for FENOC stated that the situation is not urgent, as the current licenses for the two units do not expire until 2016 and 2027.

The NRC staff found numerous shortcomings in the application, which was three years in the making. The NRC staff identified sections of the application that were: overly general, lacking a basis for conclusions, inconsistent or provided insufficient explanations, lacked non-safety related structures and components scoping, inadequate information for severe accident mitigation alternatives (SAMA) analysis, lack of discussion of recent renewal review experiences, and technically incorrect information. A spokesperson for FENOC stated that revisions would be made after FENOC arranges for a new vendor to update the application.

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