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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

Duke and AEP's 765-kV Transmission Project in Indiana Gains Momentum

LCG, December 9, 2011--Duke Energy announced yesterday that Pioneer Transmission, a 50-50 joint venture formed by Duke Energy and American Electric Power (AEP), will begin engineering, permitting and siting activities next year on the 765-kV Greentown-New Reynolds project, designated yesterday as one of 17 Multi-Value Projects (MVPs) included in the Midwest ISO (MISO) Transmission Expansion Plan. The Plan is designed to enhance regional power system reliability, improve market efficiency, enable public policy mandates and facilitate the integration of new generation resources, including renewable energy.

The proposed transmission line will be constructed in Indiana and extend approximately 66 miles to connect the existing Greentown substation (east of Kokomo) with a new substation called New Reynolds (north of Lafayette). The specific route has yet to be finalized. The estimated cost of the 66-mile Greentown-New Reynolds project is $245 million. Pioneer Transmission will build and own the New Reynolds substation to handle the interconnection of multiple power line voltages at this location.

Pioneer Transmission plans to file a petition for public utility status with the Indiana Utility Regulatory Commission by year-end.

The project is part of a larger, 240-mile transmission project in Indiana originally proposed by Pioneer Transmission in 2008 and estimated to cost $950 million. The larger project will be evaluated by PJM and MISO next year.
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