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News
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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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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
India's Karnataka State Wants Better Power Deals
LCG, May 22, 2001Karnataka state, the Silicon Valley of India, is pressing 11 private electric power companies to renegotiate contracts it signed for the output of power plants currently under development.Karnataka, on India's west coast just south of Maharashtra state, apparently thinks its northern neighbor is winning its battle with Enron Corp. to get lower prices for power generated by the U.S. company's Dabhol Power Project, but Enron has indicated it will pull out of India before renegotiating its six-year-old contract with the Maharashtra State Electricity Board.Karnataka has told the independent power producers they must make their prices more competitive and has further said that it would not guarantee payment to the companies. "We're trying to tell them your tariff has to be competitive," said V.P. Baligar, chairman and managing director of the Karnataka State Power Transmission Corp. Ltd., the state's monopoly power distributor. "You have to have the final capability so you can implement the project without any guarantee or escrow."Karnataka signed contracts in 1996 for the output of 14 projects, three of which have already begun operation. The state will reluctantly pay the agreed-upon rates for the three operating plants but wants to renegotiate agreements for the other 11.The state bills itself as the technology center of India and says it will need 2,500 megawatts of new generation within five years. The 11 projects would provide 2,000 megawatts of that capacity, with one plant, the Mangalore Power Co., providing 1,000 megawatts. Mangalore, once the project of U.S. power developer Cogentrix, is now owned by China Light & Power, Cogentrix having given up on the project in 1999 because of litigation and bureaucratic delays.In addition to Cogentrix, three other U.S. firms have pulled out of Indian power projects, citing red tape, litigation and the impermanence of Indian legal instruments.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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