Texas Utility Vistra Energy Expands Gas Power Holdings in $2 Billion Deal ...Middle East

OILPRICE - Economy
Texas Utility Vistra Energy Expands Gas Power Holdings in $2 Billion Deal
source : OILPRICE ( Middle East ) () 31
Texas-based utility Vistra Energy has struck a $1.9-billion deal for the acquisition of close to 2.6 GW worth of gas-powered generation capacity across several states from Lotus Infrastructure Partners. The seven power plants are located in New York, California, New England and parts of the U.S. spanning 13 states serviced by transmission company PJM Interconnection, Reuters reported. The assets include five combined-cycle facilities and two combustion turbine power plants. The news of the deal comes amid reports of an expected surge in electricity…

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