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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

Efficient Coal Generation Counted Towards Maine Renewable Target

LCG, Aug. 15, 2002--A requirement for 30 percent renewable-source power generation set within 1997 restructuring legislation in Maine is being met in part by cogeneration fueled by coal.

The allowance for coal being burned to produce both electricity and steam to help meet the renewables target was part of a compromise among legislators and interest groups, such as paper pulp mills. The percentage of power generated from varous sources is indicated to customers of Central Maine Power Co. in a regular status report. According to the report, the breakdown includes: oil, 26.3 percent; nuclear, 26 percent; coal, 18.2 percent; natural gas, 6.5 percent, for a total of 77 percent fossil fuels.

According to Maine's public advocate, Stephen Ward, coal is an "eligible resource" in meeting the 30 percent renewable target. It is considered so because cogeneration is a more efficient process than simple burning of coal for electricity alone. A note reads, "For the purposes of meeting the 30 percent portfolio requirement, 64.3 percent of the coal resource meets the eligible resource requirement of MPUC chapter 311." This means that "eligible resource" coal contributes 11.7 percent of the generation total, while biomass contributes 11.3 percent, hydro is at 10.3 percent, and municipal trash at 1.4 percent.

Some biomass plants in the state which produced power in 1997 no longer operate, due to their being uncompetitive.
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