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Vistra Announces Acquisition of Cogentrix to Expand Its Industry-Leading Portfolio of Power Generation Assets
After the market closed on January 5, Eastern Time, Vistra announced that it had signed a definitive agreement to acquire Cogentrix Energy. The transaction encompasses 10 modern natural gas-fired power generation facilities with a total installed capacity of approximately 5,500 megawatts. Cogentrix is indirectly owned by funds managed by Quantum Capital Group. Its assets include: three combined-cycle gas turbine facilities and two gas turbine facilities within the PJM Electric Market area, four combined-cycle gas turbine facilities within the ISO New England region, and one combined heat and power facility within the ERCOT region.
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