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Vistra Adds to its Industry-Leading Generation Portfolio with Acquisition of Cogentrix
Vistra Corp. (NYSE: VST) today announced it has executed definitive agreements to acquire Cogentrix Energy, consisting of 10 modern natural gas generation facilities totaling approximately 5,500 MW of capacity. Cogentrix is indirectly owned by funds managed by Quantum Capital Group. The acquisition includes three combined cycle gas turbine facilities and two combustion turbine facilities located across PJM, four combined cycle gas turbine facilities in ISO New England, and one cogeneration facil
About this update from Vistra Corp.
[{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Acquisition of Cogentrix includes ~5,500 megawatts of modern natural gas generation assets at an attractive purchase price, net of expected tax benefits, of approximately $730/kW of capacity.","length":191,"tagName":"p"}]},{"val":[{"type":"text","content":"Acquisition is expected to deliver mid-single digit Ongoing Operations AFCFbG1 per share accretion in 2027 and high single-digit accretion on average over 2027-2029.","length":165,"tagName":"p"}]},{"val":[{"type":"text","content":"Reiterating previously communicated capital allocation plan, including long-term net leverage target of less than 3x2, the expected return of capital to shareholders by way of the planned $300 million in annual dividends, and at least $1 billion of share repurchases each year.","length":277,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":633,"olType":false},{"type":"text","content":"IRVING, Texas, Jan. 5, 2026 /PRNewswire/ -- Vistra Corp. (NYSE: VST) today announced it has executed definitive agreements to acquire Cogentrix Energy, consisting of 10 modern natural gas generation facilities totaling approximately 5,500 MW of capacity. Cogentrix is indirectly owned by funds managed by Quantum Capital Group. The acquisition includes three combined cycle gas turbine facilities and two combustion turbine facilities located across PJM, four combined cycle gas turbine facilities in ISO New England, and one cogeneration facility in ERCOT.","length":562,"tagName":"p"},{"type":"image","alt":"Vistra Corp. Logo (PRNewsfoto/Vistra Corp.)","displaySize":"","headline":null,"caption":"Vistra Corp. Logo (PRNewsfoto/Vistra Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":111,"url":"https://media.zenfs.com/en/prnewswire.com/7c11090cb1f96a2d66dd26f10871074d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/JUF8dPsXbpyzXgpOSsgIRA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE5NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/7c11090cb1f96a2d66dd26f10871074d","width":400,"height":111}},"href":"https://mma.prnewswire.com/media/1393749/Vistra_Corp_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Vistra will acquire these assets at a net purchase price of approximately $4.0 billion, which is co...