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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

Philadelphia Utility Customers Must Be Given to Competing Suppliers

LCG, Feb. 7, 2003--The Pennsylvania Public Utilities Commission is following through on a late-1990's restructuring requirement agreed to by utility PECO Energy, to see that alternative power suppliers acquire a minimum percentage of the commercial electricity market in and around Philadelphia.

PECO will need to see that at least 50 percent of its customers are assigned to alternative suppliers, given that 7.7 percent of commercial power customers have switched suppliers thus far. One commissioner out of the five-member panel dissented in the vote to approve the plan. The alternative suppliers are to begin serving their new customers on May 1.

Customers who wish to remain with PECO as power supplier will be able to opt out of the program. All of the approximately 152,500 commercial users will receive their bill through PECO. Alternative suppliers may bid to serve blocks of customer accounts, with each block serving 1,000 customers. Renewable energy bids will be allowed for 500 accounts per block. Only the regular, non-renewable bids will be required to be 0.25 below PECO's "price to compare". Bids will have to be submitted by Feb. 21, following the distribution of bidding rules to suppliers Feb. 17. A similar program is planned for residential customer accounts.
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