Cogentrix Energy — 10 natural gas generation facilities, 5,500 MW CCGT and CT fleet
Vistra acquires Cogentrix Energy's 5.5 GW gas fleet to bolster reliability generation portfolio. Gross consideration $4.7B; net ~$4.0B after ~$0.7B tax benefits. Quantum Capital retained Cedar Bayou 4 (550 MW). Expected mid-single digit accretion in 2027. Expected close mid-to-late 2026 pending FERC, DOJ, and state approvals.
$4.00B
Deal Value
5,500MW
Capacity
Other
Technology
Multi-state
Location
Deal Details
- Deal Type
- Gas Generation Acquisition
- Seller / Sponsor
- Quantum Capital Group (Cogentrix)
- Buyer / Financier
- Vistra Corp
- Deal Value
- $4B ($2.3B cash + $0.9B stock + $1.5B debt - $0.7B tax benefits)
- Stage
- Operating
- ISO/RTO
- PJM, ISO-NE, ERCOT
- Source
- PR Newswire
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