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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

LADWP Backlogged with Power Rebates

LCG, Feb. 15, 2002--Responses to a Los Angeles Department of Water and Power rebate program highlighted during last year's energy crisis are still being processed, the month before the program is due to end.

Steve Matsuda, a DWP assistant director said, "when we started we anticipated a good level of participation, with maybe a couple of thousand jobs for the year. Then with the energy crisis, there was a lot greater interest." The DWP received six times as many responses as it had anticipated.

The rebates, which were offered in return for customers' purchases of appliances that surpass energy efficiency standards, range from $600 to $1000. The rebates were supported and enhanced by state funding. Of 7,500 rebate applications that have been filed, 2,000 remain outstanding.

DWP's rebate offer will end in March, and may be succeeded by a different set of incentives.
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