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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 'Windfall' Power Profit Tax Bill Stalls

LCG, Sept. 12, 2001--A bill that would punish independent power producers by imposing a tax on "windfall" profits from wholesale power sale stalled in the California Assembly yesterday, failing to muster the 41 votes needed to pass it to the state Senate.

Assemblywoman Ellen Corbett, a Northern California Democrat, said her measure would set a $60 per megawatt-hour base price for electricity, and if independent power producers charged more they would be taxed on the difference. "The base rate is 100 percent above what prices were in January. That's plenty of room for a profit," she said.

Corbett's bill would return the money to consumers -- and consumers alone -- through a two-day sales tax holiday on most household goods.Assemblyman Bill Campbell, a Southern California Republican, said the bill creates more problems than it solves and Republican Minority Leader Dave Cox said the bill would encourage businesses to leave California.

Some lawmakers also questioned whether the state could tax a municipal district if they charged more than the $60 per megawatt base price. Corbett promised to work out those details if the bill was sent to the Senate.

An audit of the Los Angeles Department of Water and Power showed that the nation's largest municipal utility charged California an average of $292 per megawatt-hour for power during the worst of the electricity crisis earlier this year.

Democrat Assemblywoman Hannah-Beth Jackson of Santa Barbara supported the bill and said it wasn't aimed at most businesses, only the ones "that want to stomp on the California economy."

The truth of the matter is, no one charged more for power than someone else was willing to pay.

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