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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

California Congressman Puts Heat on Cal-ISO

LCG, Nov. 19, 2001--U.S. Rep. Doug Ose, a California Republican, has demanded that the Federal Energy Regulatory Commission act on what he says is preferential treatment of the California Department of Water Resources by the California Independent System Operator.

In a letter last Thursday to FERC, which was released Friday, Ose said dealings between the two state agencies contravene the required independence of the ISO. Reliant Energy Inc. and Mirant Corp. filed a complaint with FERC last month alleging that information-sharing between the two groups violates the ISO's tariff.

Ose backed up his letter with a copy of a confidential memo from Eric Woychik, described as having inside knowledge of the water agency, to ISO board member Mike Florio, who is also a lawyer for an anti-utility gadfly group, The Utility Return Network.

Ose did not tell how he came by the memo, but said it revealed "egregious examples of interference by CDWR in the electricity market."

How confidential was the memo? In it, Woychik wrote "If the press, Legislature, or FERC get wind of this, I think we are toast!!!"

Woychik's memo said that CDWR scheduling practices resulted in "very large additional costs for purchases," and compromised reliability. He cited as an example an instance when the water agency required the ISO to accept bilateral contracts for $400 per megawatt-hour when cheaper coal-fired generation from a Nevada plant was available for $60.

In his letter to FERC, Ose said the memo "clearly illustrates the perils of a lack of independence" at the ISO.

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