TotalEnergies, a French energy company, completed the acquisition of three gas-fired power plants from TexGen, a US based power generation company, for $635m. "We are delighted with the agreement signed with TexGen to acquire 1.5 GW of CCGT in ERCOT. After the signing of several corporate PPA over the last couple of years and the recent start-up of the utility-scale Myrtle solar plant, this deal is a major milestone for our Integrated Power strategy in the ERCOT market. These plants will enable us to complement our renewable assets, intermittent by nature, provide our customers with firm power, and take advantage of the volatility of electricity prices”,Stephane Michel, TotalEnergies Gas Renewables & Power President.