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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

CA Market Post-Memo Investigations Intensify

LCG, May 8, 2002-After yesterday's Enron memo release, regulators and legislators have stepped up efforts to find out exactly what happened to California's energy market in 2000 and 2001.

Yesterday, Federal Energy Regulatory Commission (FERC) released Enron memos linking the California energy crisis of 2000/2001 to intentional market manipulation, including phony congestion and the bypassing of state price caps by selling electricity out of state.

FERC strengthened its efforts, ordering all electricity traders to keep and preserve any existing records relevant to strategy in 2000/2001.

The White House asserted its support of "vigorous" investigation to protect consumers, although specific comment relating to the documents in question was avoided. Previously, during the energy crisis, President Bush and Vice President Dick Cheney refused to help California because the state's problems were, according to them, related to limited supply and not deserving of price caps.

Additionally, the U.S. Securities and Exchange Commission has formalized its investigation of Dynegy Inc., which is involved with deregulated electricity and was a rival to Enron. The company, which posted a $140 million net loss for the first quarter, has agreed to cooperate with securities regulators in their investigation. Dynegy backed out of a $9 billion Enron acquisition last November and has been facing shareholder lawsuits and plummeting stock prices.

U.S. Senator Dianne Feinstein has requested the U.S. Attorney General John Ashcroft to initiate a criminal investigation regarding the released memos.

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