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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

Texas ALJ Recommends Rejecting SWEPCO's Proposed Coal-fired Power Plant

LCG, January 23, 2008--An administrative law judge (ALJ) earlier this week concurred with Texas Industrial Energy Consumers and with the staff of the Texas Public Utility Commission and recommended to the Commission to deny the application for a certificate of convenience and necessity to build the John W. Turk Jr. Power Plant proposed by Southwestern Electric Power Company (SWEPCO). The judge stated that "SWEPCO failed to prove that there is a need for the plant." The Commission is scheduled to consider the recommendation on February 22.

SWEPCO proposed to construct a 600-MW, coal-fired plant in Hempstead County, Arkansas to serve retail and wholesale customers in Arkansas, Texas and Louisiana. The estimated cost of the facility is $1.3 billion. The proposed facility will use ultra-supercritical technology and will burn sub-bituminous, Powder River Basin coal from Wyoming. The project is planned to commence operations in 2011.

The ALJ stated that because SWEPCO's serving wholesale customers is entirely voluntary, the wholesale customers' load should be excluded when determining SWEPCO's projected demand.

In a 2-1 decision last November, the Arkansas Public Service Commission (APSC) granted a Certificate of Environmental Compatibility and Public Need (CECPN) to construct the plant.
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