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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

Southern California Edison Commits to 1,500 MW Wind Farm

LCG, December 22, 2006--Southern California Edison, an electric utility owned by Edison International, signed a 20-year power purchase agreement (PPA) for the electric output from a planned, 1,500 MW wind farm to be located in Southern California. The PPA is with Allco Wind Energy, a division of Allco Finance Group Limited (AFG).

The planned project will be built on a 50-square mile area in the Tehachapi area of Southern California. Allco Wind Energy stated that it would develop the project through a joint venture partnership with Oak Creek Energy Systems. The initial wind turbine installations are expected to be completed in 2010.

California's renewable energy goals and global warming legislation create a positive regulatory environment for wind developers. However, the PPA will need to be approved by the California Public Utilities Commission. Furthermore, to deliver the power to markets; the Commission will need to approve plans to construct a series of new and upgraded high-voltage transmission lines.

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