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Vistra Announces Acquisition of Cogentrix Energy's 5,500 MW Gas-Fired Fleet is Complete

LCG, November 2, 2026--Vistra Corp. announced on October 30 that, following receipt of all required regulatory approvals, it has completed the acquisition of Cogentrix Energy from funds managed by Quantum Capital Group. The acquisition consists of 10 natural gas-fired power generation facilities totaling nearly 5,500 MW of capacity. The addition of Cogentrix's facilities to Vistra's existing generation portfolio raises Vistra's U.S. generation portfolio to nearly 50,000 MW.

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Data Center Customer Adds 620 MW Order for INNIO's J624 Gas Engines

LCG, October 23, 2026--INNIO N.V. yesterday announced a 620 MW follow-on order from a developer and operator of mega-scale data center campuses in the United States. Together with the customer's 1.1 GW order announced previously in July, the new order brings cumulative orders from the customer to approximately 1.72 GW this year.

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Industry News

California Power Prices Golden for Reliant

LCG, Oct. 25, 2000--Reliant Energy Inc., the Houston-based electric utility active in the national merchant power movement, said this morning that power plants it acquired from Southern California Edison Co. made a major contribution to its record earnings.

Reliant said its third-quarter net income rose to $389 million, or $1.34 per share, from an adjusted $283 million, or $0.99 per share, from the same period last year.

Contributing to that 37 percent increase in profits was a sevenfold increase in operating income from its wholesale energy business, which consists of its merchant power plants and its electricity trading and marketing operations.

"Our strong commercial management of generating assets and commercial gas and power positions in attractive regions of the U.S. has allowed us to break out of the traditional role of a local energy provider. As markets evolve, we will continue to build business positions that capitalize on thesestrengths," said Steve Letbetter, chairman, president and chief executive.

The company said it enjoyed "higher energy sales and energy prices due to unique seasonal dynamics in the Western markets."

That Western market was California, where Reliant has 3,800 megawatts of generating capacity purchased from SoCal Ed when the Golden State's electric restructuring law encouraged state utilities to divest their power plants. That generation amounted to more than 8 percent of the state's peak demand on its hottest day this summer.

The Golden State proved golden for Reliant Energy in the third quarter.

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