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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

Enron Gets $1.5 Billion -- With Strings Attached

LCG, Dec. 4, 2001--Shares in Enron Corp. jumped 132 percent to 93 cents on the new York Stock Exchange this morning in the wake of an announcement that the company had arranged $1.5 billion in new financing from J.P. Morgan Chase and Citigroup.

That $1.5 billion has more strings attached than a marionette.

Only $250,000 will be made available immediately. To get another $250,000, Enron will have to provide the two lenders with a "satisfactory business plan." "Satisfaction of certain conditions" will have to be met before the $1 billion balance is released, and even then more than half will have to be used to repay $550 million of existing indebtedness of Transwestern Pipeline.

Kenneth Lay, Enron's chairman and chief executive, said the financing will allow Enron to "continue to do business and move forward to implement the first steps of its reorganization." Company officials said that Enron normally operates with about $2.5 billion in walking around money.

Enron is feeling the squeeze. Yesterday, the company laid off about 4,000 employees at its Houston headquarters, and those came on top of 1,100 firings in Europe. Many employees of Enron and its subsidiaries have seen their retirement funds wiped out by the collapse of Enron stock from $90 a year ago to 90 cents today.

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