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Vistra Betting on U.S. Natural Gas-Fueled Future With $1.9B Lotus Deal

Natural Gas Intelligence · last updated

Irving, TX-based Vistra Corp., whose power portfolio stretches from Maine to California, is expanding its empire by acquiring seven natural gas-fired generators with 2.6 GW in combined capacity.

Pie chart showing Vistra Energy Corp.'s generation by capacity type.

The transaction with Lotus Infrastructure Partners is estimated to be worth $1.9 billion, putting the cost of the generation at around $743/kW, Vistra noted. Five combined-cycle gas turbine facilities and two combustion turbine facilities are included, ranging in size from 500 MW to 1,320 MW.

Set for completion by early 2026, the independent power producer’s (IPP) purchase would give it total generation capacity of 43.5 GW, from current capacity of 41 GW, weighted 61.5% to natural gas. Included in the Lotus deal are two generators in Pennsylvania, two in New York, and one generator each in California, Delaware and Rhode Island.

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