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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

Two Former Coastal Corp. Traders Accused of Fraud

LCG, Oct. 30, 2001--The U.S. Commodity Futures Trading Commission yesterday accused two energy traders with defrauding their former employer, Coastal Corp., in an illegal trading scheme five years ago.

Clay Krhovjak and Paul Cochran, who were vice presidents with Coastal's commodity futures trading desk in Houston at the time, were responsible for placing trades with the New York Mercantile Exchange.

They are charged with moving $89,228 from successful Coastal trades into straw man accounts, thus shifting Coastal's profits to themselves.

The Commission said in its complaint that the scheme "ensured Cochran, Krhovjak and other participants risk-free personal profits." The two could face civil penalties and trading prohibitions if found guilty.

Cochran and Krhovjak have already pleaded guilty in a U.S. District Court in Texas. In September of last year, both pleaded guilty to conspiracy to commit commodities fraud, with sentencing expected early next year.

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