Vistra Expands Gas Fleet With $4 Billion Cogentrix Acquisition

Vistra Corp. (VST) has struck a deal to significantly expand its U.S. generation footprint, agreeing to acquire the Cogentrix Energy portfolio in a transaction valued at roughly $4 billion, including assumed debt and tax benefits. The acquisition brings approximately 5,500 megawatts of modern natural gas-fired capacity into Vistra’s fleet, strengthening its position in three of North America’s most strategically important power markets: PJM, ISO New England, and ERCOT. The assets are being acquired from C ...