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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 Commission Approves SWEPCO's Proposed Coal-fired Power Plant

LCG, July 8, 2008--The Public Utility Commission of Texas last week approved a proposal from Southwestern Electric Power Company (SWEPCO) to build a coal-fired electric generating facility in southwest Arkansas. Prior to proceeding with construction of the facility, SWEPCO awaits a number of permits, including the receipt of an air permit from the Arkansas Department of Environmental Quality.

On July 3, the Commission approved the proposal by a vote of 2-1 and rejected the recommendation from an administrative law judge (ALJ). Last January, the ALJ concurred with Texas Industrial Energy Consumers and with the staff of the Commission and recommended to deny the application for a certificate of convenience and necessity to build the John W. Turk Jr. Power Plant. The ALJ had stated, "SWEPCO failed to prove that there is a need for the plant."

SWEPCO, a subsidiary of American Electric Power (AEP), 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 $1.52 billion. The proposed facility will use ultra-supercritical technology and will burn sub-bituminous, Powder River Basin (PRB) coal from Wyoming.

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.
In March, the Louisiana Public Service Commission (LPSC) unanimously approved SWEPCO's request to build the plant, including a requirement for SWEPCO to prepare and submit a study that identifies potential, cost-effective energy efficiency and load management programs for SWEPCO's Louisiana customers.

SWEPCO's application to the Arkansas Department of Environmental Quality for an air permit is pending, and a SWEPCO spokesperson stated that they hope to receive the air permit by the third quarter of this year. Another project hurdle is opposition from some hunting clubs and landowners in Arkansas that believe the plant will harm the local environment, and they have appealed the Arkansas Public Service Commission's ruling to the state Court of Appeals.
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