Vistra Corp. has received key regulatory approval from the Federal Energy Regulatory Commission (FERC) for its planned acquisition of a 2,600-megawatt natural gas generation fleet from Lotus Infrastructure Partners.
Vistra, a leading integrated retail electricity and power generation company, announced a significant step forward in its strategic expansion plans today, confirming that it has received crucial regulatory approval from the Federal Energy Regulatory Commission (FERC) for its previously announced acquisition of seven modern natural gas generation facilities.
The highly anticipated transaction, which involves acquiring certain subsidiaries owning the facilities from Lotus Infrastructure Partners, is proceeding as planned and is expected to close either late this quarter or in the first quarter of 2026.
The fleet of assets is set to add approximately 2,600 megawatts (MW) of reliable generating capacity to Vistra's already diverse portfolio. This capacity is distributed across seven facilities: five combined-cycle gas turbine plants and two combustion turbine plants. The strategic locations of these assets are a key component of the deal, as they are situated in major energy markets, including PJM, New England, New York, and California. By broadening its geographic footprint, Vistra aims to strengthen its ability to reliably serve customers across a wider area, a move that aligns with its focus on reliability and transforming the energy landscape.
Vistra's announcement today highlighted not only the receipt of the FERC approval on October 2 but also the prior expiration of the waiting period mandated under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR). These two milestones represent the clearance of major federal regulatory hurdles for the acquisition.
Despite these significant advancements, the transaction is not yet complete. Vistra noted that the acquisition remains subject to approval by the New York Public Service Commission and other customary closing conditions. Given the size and strategic importance of the assets in question, final state-level regulatory sign-off is a necessary next step.
First announced in May, this acquisition underscores Vistra's commitment to maintaining a reliable, efficient power generation fleet that includes natural gas, nuclear, coal, solar, and battery energy storage facilities. The company, which operates from California to Maine and is headquartered in Irving, Texas, positions itself as a leader in transforming the energy landscape with an unyielding focus on reliability, affordability, and sustainability.
As Vistra moves closer to finalizing the deal, the integration of these modern gas generation units will enhance its operational flexibility and its capability to provide essential resources to customers, businesses, and communities.
