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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

Duke Starts Emission Control Upgrade Project at Belews Creek Steam Station

LCG, May 25, 2005--Duke Power Company, the regulated utility owned by Duke Energy Corp., initiated construction last week to add scrubbers that will reduce sulfur dioxide (SO2) emissions at its Belews Creek Steam Station. The station is the largest coal-fired power plant in North Carolina and one of the ten largest coal plants in the country.

Duke is scheduled to complete the flue gas desulfurization (FGD) project, with an estimated cost of $500 million, in 2008. The new equipment is expected to reduce SO2 emissions by up to 95 percent, with significant reductions in mercury emissions as well. Early last year, Duke completed the installation of a $450 million project at Belews Creek designed to reduce nitrogen-oxide (NOx) emissions by as much as 85 percent.

In addition to upgrading existing plants, Duke Power is active in planning new capacity. Earlier this month, Duke Power filed plans with the North Carolina Utilities Commission regarding the potential addition of 2,200 MW of generating capacity adjacent to three existing power plants, with total costs of more than $2.3 billion.

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