Vistra Makes AI Power Bet With $1.9 Billion Gas Plant Deal

Vistra Corp. agreed to buy seven natural gas-fired power plants for $1.9 billion, the latest big US generator betting on the fossil fuel to feed the voracious appetite of artificial intelligence.

The acquisition follows NRG Energy Inc.’s announcement Monday that it agreed to pay $12 billion, including debt, for a fleet of gas-fired plants from LS Power Equity Advisors LLC. In January, Constellation Energy Group Inc. said it would spend $16.4 billion for closely-held Calpine Corp., another large US operator of gas-fired plants.