CECogentrix EnergyVVistra Corp.

Overview

Vistra Corp. entered into definitive agreements to acquire Cogentrix Energy, owner of 10 natural gas generation facilities totaling about 5,500 MW, from funds managed by Quantum Capital Group. The net purchase price was about $4.0 billion, made up of about $2.3 billion cash, about $0.9 billion Vistra stock and about $1.5 billion of assumed debt, less about $0.7 billion of expected tax benefits.

Deal rationale

The acquisition adds modern, efficient natural gas capacity in PJM, ISO New England and ERCOT, and is expected to be accretive to Vistra's Ongoing Operations AFCFbG per share.

Timeline

1. AnnouncedJan 5, 2026

   Imported from prototype record 81, unverified

   Filing

Valuation and terms

Advisors

Parties