Latham & Watkins Advises Vistra on Completed Acquisition of Cogentrix Natural Gas Portfolio

Vistra Corp. (NYSE: VST) announced it has completed the acquisition of Cogentrix Energy, consisting of 10 modern natural gas generation facilities totaling approximately 5,500 MW of capacity, from funds managed by Quantum Capital Group. The transaction closing follows receipt of all required regulatory approvals. Combined with Vistra’s existing fleet, the additional assets bring Vistra’s generation portfolio to nearly 50,000 MW of capacity across the US.

Latham & Watkins LLP represents Vistra in the transaction with a corporate deal team led by Houston partners Trina Chandler and Ryan J. Lynch and New York partner Caroline Phillips, with associates Taylor Allison, Karen Jinmeng Song, Stacey Hall, Caroline Silverstein, Logan McDowell,* Johnny Zhuang, and Alex Reiher. Advice was also provided on benefits matters by New York partner Max Raskin, with associate Heather Jager; on labor and employment matters by Chicago counsel Laura Waller, with associates Jenny Bobbitt and Imara Joroff; on environment, land, and resources matters by Washington, D.C. partner Stacey VanBelleghem, with associates Jacqueline Zhang and Phil Goldberg; on data privacy and cybersecurity matters by Houston partner Robert Brown, with associate Jack Bergantino; on intellectual property matters by Silicon Valley partner Michelle Gross; on hedging matters by New York partner Yvette Valdez and counsel Melissa Ferraro, with associate Jim Lambert; on project development and finance matters by associates Silvia Martin, Lane Ransom, and John Elias; on regulatory matters by Washington, D.C. partner Natasha Gianvecchio and counsel Jamie Blackburn, with associate Alexandra Holmes; on regulatory gas transport matters by Washington, D.C. partner J. Patrick Nevins; on tax matters by Houston partner Christine Mainguy, with associate Christopher Garza; on FCC matters by Washington, D.C. partner Elizabeth Park, with copyright, privacy, and communications attorney Bradley Bourne; and on representations and warranty insurance matters by Los Angeles partner S. Drew Levin, with associate Enrique Covarrubias.