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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

Florida PSC Approves Agreement for New Biomass Plant in Florida

LCG, August 17, 2006--The Florida Public Service Commission (PSC) approved on Tuesday a petition for Progress Energy Florida (Progress) to buy energy produced by the Florida Biomass Energy Group, LLC (Florida Biomass) at a proposed 116-MW biomass plant located near Lake Okeechobee. The plant is scheduled to commence operations no later than December 2009.

The Florida PSC recently certified Florida Biomass as a qualifying facility (QF) based on the exclusive use of renewable energy, after start-up, for the proposed electric generation.

The renewable fuel for the proposed plant is a bamboo-like grass known as E-grass. The energy crop would be harvested at the 15,000 acre site and processed into a liquid fuel using a pyrolysis process. The plant will use combustion turbine-combined cycle technology, and the thermal fuel input will include combustible exhaust gases from the pyrolysis process.

When the negotiated contract was compared to a gas-fired, combined cycle alternative, Progress estimated the capacity and energy payments over the 25-year term of the negotiated contract would produce a savings of $39 million net present value to Progress's ratepayers. The majority of such savings are based on fuel costs.

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