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Vistra to buy Cogentrix Energy in $4.7 billion deal amid surging power demand
Vistra will expand its footprint with 5,500 MW of modern gas plants across major U.S. regions, in a $4.7 billion deal expected to close in 2026.
- Vistra Corp. agreed to buy Cogentrix Energy, owned by Quantum Capital Group funds, for about $4.7 billion, including 10 natural gas generation facilities, on Jan. 5, 2026.
- Vistra said the acquisition adds modern baseload-weighted natural gas assets that complement its fleet amid rising electricity demand; the U.S. Energy Information Administration projects record 2026 consumption driven by data centers and Big Tech.
- The deal's consideration is structured as roughly a $4.0 billion net price, including about $2.3 billion cash, $900 million in Vistra stock and the assumption of approximately $1.5 billion of indebtedness.
- Shares of Vistra rose nearly 5% in extended trading after the company said the deal is subject to approvals from FERC, DOJ under HSR, and state regulators.
- Vistra expects the deal to exceed its mid‑teens levered return target and plans for $300 million in annual dividends and at least $1.9 billion of share repurchases, leading to a combined portfolio of approximately 50,000 MW.
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21 Articles
Vistra to buy Cogentrix Energy in $4.7 billion deal amid surging power demand
Utility Vistra said on Monday it has agreed to buy Cogentrix Energy, comprising 10 natural gas-fired power plants, from Quantum Capital Group for about $4.7 billion, as it looks to meet growing power demand.
·United Kingdom
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Vistra Buying US Gas-Power Fleet for $4 Billion to Deepen AI Bet
(Bloomberg) — Vistra Corp. agreed to pay roughly $4 billion for 10 natural gas-fired power plants in the US Northeast and Texas to expand the electricity supplier’s generation capacity in fast-growing energy markets.
·Canada
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Total News Sources21
Leaning Left1Leaning Right4Center7Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
C 59%
R 33%
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