The firm’s equities surged almost 5% during off-exchange trading. The arrangement encompasses roughly $2.3 billion in currency, $900 million in Vistra shares, and the taking on of $1.5 billion in liabilities, somewhat mitigated by anticipated tax advantages, the Texas-based organization revealed.
This procurement comes after Vistra’s $1.9 billion agreement in May 2025, at which point the enterprise took possession of seven natural gas power stations possessing a combined aptitude of approximately 2,600 megawatts from Lotus Infrastructure Partners.
As per the US Energy Information Administration, electrical power usage in the nation will attain unprecedented amounts in 2026, propelled by increasing requirements from data hubs backing the advancement of AI endeavors by major technological corporations.
The obtained possessions incorporate: three combined cycle natural gas turbine installations, a pair of gas turbines situated throughout PJM, a quartet of combined cycle natural gas turbine installations in ISO New England, along with a solitary cogeneration facility inside ERCOT.
“The integration of this natural gas power plant holding is an excellent approach to inaugurate a fresh annum of expansion for Vistra, considering that we have finalized, gained, or fashioned projects within all of the competitive power sectors wherein we function,” stated Vistra Chief Executive Officer Jim Burke.
The takeover will broaden and amplify Vistra’s geographical reach, contributing 5,500 megawatts of net capacity in pivotal North American energy areas.
The finalization of the transaction is projected for the middle to latter portion of 2026.
Source: Reuters