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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

New York Faces California-like Power Crunch

LCG, March 15, 2001--The New York Independent System Operator said yesterday that 8,600 megawatts of new power plant capacity must be constructed in the Empire State by 2005 or the state will face the same kinds of problems that have disrupted California's electricity industry.

The new generation would be a 25 percent increase over what currently exists, and about half of it would need to be built in the New York City area. Without the new generation, New Yorkers will face higher power prices and the possibility of blackouts.

"We really are at a crossroads with respect to reliability of the system and the viability of the wholesale market," said William Muesler, New York ISO chief executive. From 1995 to 2000, statewide demand rose by 2,700 megawatts, while less than 1,000 megawatts of new generation was added.

Like California, New York imports much of its power from neighboring states, and that resource is dwindling as those states experience growth. Also, between a third and half of the power consumed in New York is purchased on the spot market through its daily or day-ahead auctions. That's not as bad as California, where the electric restructuring law required all power to be bought and sold on the spot market, but it exposes New York to the effects of short-term supply and demand.

A spokesman for Consolidated Edison Co. of New York said the company agrees with the ISO's assessment. "Supplies are tight. We're hoping we'll be okay this summer, but we're in trouble next summer if nothing gets built."

A program to build 10 small combustion turbine plants in New York City is meeting with neighborhood opposition.

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