Vistra Energy to acquire Cogentrix natural gas portfolio

• 4 months ago (2026-01-07)
• David Flin

Gas 469 North America 1080

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Vistra has announced definitive agreements for its subsidiary Vistra Operations Company to acquire Cogentrix Energy ’s portfolio of 10 modern natural gas-fired power plants with a total combined capacity of around 5500 MW.

The plants are located across the PJM Interconnection region, ISO New England, and ERCOT.

The acquisition is via a purchase and sale structure combined with a merger that will make the portfolio a wholly-owned Vistra subsidiary. The transaction is expected to close by late 2026, subject to federal antitrust, energy, and state regulatory approvals. The acquisition has a net purchase price of about $4.0 billion.

The acquisition will expand Vistra’s total generation capacity to roughly 50 GW.