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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

Avista Pays $2.1 Million to Settle Energy Futures Case

LCG, Aug. 22, 2001--Avista Corp. yesterday agreed to pay $2.1 million to settle, without admitting wrongdoing, charges that the company's power trading unit had manipulated electricity futures contract prices on the New York Mercantile Exchange in 1998.

The U.S. Commodity Futures Trading Commission had brought the case, charging that Avista and two of its traders manipulated prices of futures contracts in electricity for delivery at the California-Oregon Border and the Palo Verde switchyard in Arizona between April and August, 1998.

The two traders, former vice president for trading Thomas Johns and former trader Michael Griswold, agreed to settlement payments of $50,000 and $110,000 respectively. Neither is still an employee of Avista.

The CFTC said that Avista, on four separate and identifiable occasions, bought futures contracts for more than the prevailing price, or sold contracts below the prevailing price, for the two delivery points, thus influencing the settlement price in the direction desired.

"The commission found that Avista Energy and the settling former employees manipulated the prices of NYMEX Palo Verde and COB contracts on four specific dates in 1998 to affect the value ofAvista's over-the-counter options contracts," said Phyllis Cela, acting director of the agency's enforcement division.

Charges are still pending against two other Avista employees and a NYMEX floor broker in connection with the same price manipulation.

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