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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

FERC Rulemaking on Intra-Company Communications Criticized

LCG, Apr. 14, 2003--The Federal Energy Regulatory Commission (FERC) has received a joint letter from three large energy trade groups that expresses concerns about a proposed set of standards that would govern the kinds of communications that are allowed between subsidiaries and top corporate executives.

The standards extend to communications by employees in entities not traditionally regulated by the agency, such as transmission schedulers, and those who trade physical gas, electric power or energy derivatives. The FERC's proposal arose about a year and a half ago, and was intended to deter discrimination against non-affiliates of companies that are engaged in different parts of the energy markets. The trade groups that produced the letter are the American Gas Association, the Interstate Natural Gas Association of American and the Edison Electric Institute.

"Under the proposed definition of 'energy affiliate,' communications of transmission information for corporate governance purposes from a transmission provider subsidiary to senior management of the subsidiary's parent would be communications to an 'energy affiliate' that are restricted by the proposed rule," the filing of April 7 stated. They groups noted that while they are in accordance with the non-discriminatory aim of the proposed standards, the restriction on communication would be strongly contradictory to provisions of the Sarbanes-Oxley Act, which was passed in 2002 in response to the emergence of corporate scandals, particularly at Enron. Sarbanes-Oxley requires that the financial status of subsidiaries be fully understood by management.

The letter also requested a technical conference to examine how communications could be less restricted by FERC, with the rulemaking pending under FERC docket RM01-10.
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