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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

CPUC Has Alternative PG&E Reorganization Plan

LCG, Jan. 9, 2002--PG&E, which has been promoting its reorganization plan in bankruptcy court, now has to contend with a reorganization plan for the utility proposed by the California Public Utilities Commission, the state agency which sets utility rates and oversees states utilities.

Last April, the utility filed for bankruptcy protection in response to its overwhelming debt load and soaring wholesale power prices.

According to the CPUC, if PG&E transfers its generation and transmission assets to its parent company, out of the purview of CPUC regulation, the result could be years of litigation. CPUC hopes that its motion in the PG&E bankruptcy case will come under consideration. Currently, only PG&Es proposal can be considered in the courts. This restriction on other restructuring plans is set to expire Feb. 4, subject to the discretion of Bankruptcy judge Dennis Montali.

The CPUC called PG&Es plan an attempt to "prevent the CPUC from having a meaningful voice" in restructuring. Its plan would pay off the companys short-term debts in their entirety, restoring PG&Es credit rating and financial standing. The CPUC said it would allow PG&E a reasonable rate of return under its rate structure, which could actually drop in 2003.

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