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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

Ontario Utility Remains in Public Control

LCG, June 13, 2002--Ontario's Premier Ernie Eves yesterday stoped what was to be the largest initial public offering in Canadian history, saying that the sale of a minority stake in the province's utility Hydro One would still be considered.

Political and public opposition to the IPO had grown increasingly untenable for Eves and his Conservative government, with polls indicating 70% of the public being against privatization. The idea of privatizing Hydro One was first supported in December by now-retired Premier Mike Harris. A surprise ruling by the Ontario Superior Court in April found that there was no legal basis for such a sale. Wholesale electricity markets were deregulated in Ontario in May.

Eves maintained that he will still consider the privatization of up to 49 percent of the utility, saying "We still believe that there are ways to bring private-sector discipline to the corporation." Following the resignations of each of 12 board members last week after Eves announced an impending review of their salaries, the new board is made up of a broad spectrum of political leaders.
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