Vistra Corp. completes acquisition of Cogentrix Energy

Vistra Corp. has finalized its acquisition of Cogentrix Energy from funds managed by Quantum Capital Group. The deal includes 10 modern natural gas generation facilities with a combined capacity of approximately 5,500 megawatts.

The acquisition expands Vistra’s total U.S. generation portfolio to nearly 50,000 megawatts. The new assets, which include combined-cycle combustion turbine and cogeneration technology, are located in key power markets including PJM, ISO New England, and ERCOT. Specific facilities include the Patriot and Hamilton-Liberty plants in Pennsylvania, the Rock Springs plant in Maryland, the Newington facility in New Hampshire, the Altura Cogeneration plant in Texas, and the Bridgeport plant in Connecticut.

This transaction follows recent expansions for Vistra, such as the acquisition of Energy Harbor in March 2024 and seven natural gas plants from Lotus Infrastructure Partners in October 2025. The company stated that the Cogentrix assets are a strategic fit to meet growing energy demands driven by industrial activity, population growth, and digital infrastructure.