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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 Cancels Scrubber Plans and Opts for Natural Gas Plant

LCG, August 20, 2009--Progress Energy Carolinas announced that it has terminated plans to install scrubbers to control sulfur emissions on the Sutton Plant, a coal-fired power plant located in North Carolina, in order to meet state air quality regulations.

The new plan is to retire three coal-fired units, with a combined electric generating capacity of 397 MW, that are located at the H.F. Lee Plant and to construct a new, 950-MW facility fueled by natural gas at the adjacent Wayne County Energy Complex.

The switch from old, coal-fired units to a new, combined-cyle facility burning natural gas will enable the utility to reduce overall emissions, including carbon, sulfur and mercury, in order to achieve compliance with state emission reduction limits.

On Tuesday, the company filed for a Certificate of Public Convenience and Necessity (CPCN) from the North Carolina Utilities Commission, under new laws approved last month. The project cost is estimated to be approximately $900 million, and the new facility is scheduled to commence operations in early 2013.

Related new infrastructure includes upgrades to the electric transmission system and a natural gas pipeline.
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