Welcome from Sano Blocker
On behalf of the Vistra family of companies, welcome. Our industry is a key topic of importance to the states we operate in and to their economies. It is my hope that this site will provide you with useful and informative materials as you consider legislation and regulations that help shape the industry.
On March 21, Vistra announced that its board of directors named longtime company executive Jim Burke as its next CEO, effective August 1. Mr. Burke, who currently serves as president and chief financial officer, will also join the company’s board upon assuming his new role. Vista’s current CEO and board member, Curt Morgan, will stay […]
On January 24, Vistra announced that it plans to further expand its Moss Landing Energy Storage Facility in Moss Landing, California. The company has entered into a 15-year resource adequacy agreement with Pacific Gas and Electric Company (PG&E) for a new 350-megawatt/1,400-megawatt-hour battery system. This would complement the existing 400 MW/1,600 MWh of energy storage […]
On January 21, Vistra announced its principal investigation findings and corrective actions related to the Sept. 4 incident that caused limited battery damage at its Phase I (300 megawatts/1,200 megawatt-hours) Moss Landing Energy Storage Facility in Monterey Bay, California. The investigation found that in response to detection of very low levels of smoke in one […]
On November 30, Vistra announced the publication of its Green Finance Framework, supported by a second-party opinion from V.E (formerly Vigeo Eiris), part of Moody’s ESG Solutions. The Framework allows Vistra to issue green financial instruments to fund new or existing projects that support renewable energy and energy efficiency, as defined in the Framework, with […]
Since 2019, Vistra and our leading Pennsylvania retail electricity brand, Dynegy, have donated nearly half a million dollars to supporting community partners that are making a difference in their local communities. That means investing in food pantries, schools, fire departments, homeless shelters, and organizations that are focused on environmental sustainability, social justice and racial equity. […]
Vistra (NYSE: VST) recently completed construction on Phase II of its Moss Landing Energy Storage Facility. The battery system is now storing power and releasing it to California’s grid when it is needed. The 100-megawatt expansion now brings the facility’s total capacity to 400 megawatts/1,600 megawatt-hours, making it the largest of its kind in the […]
On July 19, Vistra announced it will close the Zimmer Power Plant in Moscow, Ohio, by mid-2022. The company had previously announced the plant would retire no later than 2027 based on environmental regulations. The early retirement decision comes after the plant failed to secure any capacity revenues in the latest auction held in May […]
Vistra’s Dynegy retail brand ranked first in overall excellence, price competitiveness, and ease of doing business, as part of Energy Research Consulting Group’s (ERCG) national aggregator, broker, and consultant (ABC) survey-based study. Additionally, Vistra’s flagship retail brand, TXU Energy, made a strong showing in the ABC study, winning an excellence award for price competitiveness. See […]
The company’s 23rd annual Beat the Heat program includes drive-thru distributions of new air conditioning units and fans, summer energy conservation tips, and information on financial assistance available both at the state level and for TXU Energy customers. See the enclosed release for full details.
TXU Energy announced the launch of TXU Energy EV PassSM. The company’s first plan designed specifically for electric vehicle owners gives customers 50% off all energy charges every weeknight and all weekend long – providing automatic bill credits at times when customers are normally charging their vehicles. See release for more details.
Vistra’s Scott Hudson, President Retail, testified before the Pennsylvania House Consumer Affairs Committee in their hearing on the “State of the Electricity Market”, noting the 25th anniversary of the Electricity Generation Customer Choice and Competition Act. Hudson noted the great benefits competition has brought to Pennsylvania consumers and how the advent of electric competition was […]
TXU Energy is assuring residential customers that they will not see any near-term impact on their rates due to this winter weather event. While some may experience higher than normal bills due to higher usage during this cold weather period in February, we expect our customers will be insulated from storm-related rate increases. See attached […]
On February 20, Vistra announced a $5 million commitment to help Texas communities and customers impacted by the winter storm across its many retail brands, including TXU Energy and Ambit. The donation to social service agencies across the state will directly assist communities and individuals to meet their most pressing needs, including support for food […]
Vistra’s power plant teams executed a significant winter preparedness strategy to keep electricity flowing to the Texas power grid during this unprecedented, extended winter weather event. Through these efforts and dealing with the challenges with fueling, Vistra estimates that it was able to produce approximately 25-30% of the power on the grid Monday and Tuesday, […]
Vistra announcement that its Moss Landing Energy Storage Facility connected to the power grid and began operating on Dec. 11, 2020. At 300 megawatts/1,200 megawatt-hours, the lithium-ion battery storage system, located on-site at Vistra’s Moss Landing Power Plant in Monterey County, California, will be the largest of its kind in the world. Furthermore, construction is […]
Company to break ground on nearly 1,000 megawatts of renewables and storage; announces planned retirement of entire Midwest coal fleet — Provides financial update, raises 2020 financial guidance, and announces long-term capital allocation plan from continued strong financial outlook. Read the full release here
Consistent with its strategic priorities, the company has accelerated its greenhouse gas emissions reduction targets. Vistra is now setting out to achieve a 60% reduction, up from 50%, in CO2 equivalent emissions by 2030 as compared to a 2010 baseline, and a long-term objective to achieve net-zero carbon emissions, up from an 80% reduction target, […]
A comprehensive review of Vistra’s climate strategy is contained in Vistra’s first Climate Report, published in accordance with the guidance set forth by the Task Force on Climate-related Financial Disclosures (TCFD). Among other topics, the Climate Report discusses various climate-related risks and opportunities that Vistra management has identified as influencing the company’s long-term strategy. Importantly, […]
The Business Roundtable, of which Vistra is a member, released a report on how corporations should lead by example on the issue of climate change and the public policies that the BRT supports to drive the innovation needed to address climate change. Report is available here: https://s3.amazonaws.com/brt.org/Business-RoundtableAddressingClimateChangeReport.September2020.pdf
The Business Roundtable, of which Vistra is a member, announced today their support for using market based solutions, including a price on carbon, to address climate change. Their release on this announcement can be found here: https://www.businessroundtable.org/business-roundtable-market-based-solutions-best-approach-to-combat-climate-change.
Vistra’s 2019 Annual Sustainability Report, adopting for the first time the Sustainable Accounting Standards Board (SASB) and Global Reporting Initiative (GRI) frameworks and highlighting Vistra’s environmental, social, and governance (ESG) initiatives and accomplishments. See attached report for details. Link: https://www.vistracorp.com/wp-content/uploads/VST-2019-Sustainability-Report.pdf
On June 5, Vistra published its 2019 Annual Sustainability Report, adopting for the first time the Sustainable Accounting Standards Board (SASB) and Global Reporting Initiative (GRI) frameworks. In addition, the report highlights Vistra’s environmental, social, and governance (ESG) initiatives and accomplishments for the 2019 reporting period. See press release below for more details. Link: https://investor.vistraenergy.com/investor-relations/news/press-release-details/2020/Vistra-Publishes-Annual-Sustainability-Report-Highlighting-with-Greater-Transparency-Its-Continued-Transformation-to-a-Cleaner-Company/default.aspx
On May 19, 2020, Vistra (NYSE: VST) announced its intent to expand the size of the battery energy storage systems at its Moss Landing Power Plant site in Moss Landing, California, subject to approval by the California Public Utilities Commission (CPUC). The company has entered into a 10-year resource adequacy agreement with Pacific Gas and […]
Vistra is increasing the size of its battery energy storage project located at the site of its Oakland Power Plant. The battery will now have a capacity of 36.25 megawatts/145 megawatt-hours instead of the previously announced capacity of 20 MW/80 MWh. Vistra anticipates the battery storage project will enter commercial operations by January 2022. Details […]
Vistra joined a diverse coalition of power generators, trade associations, and think tank experts in asking the Federal Energy Regulatory Commission (FERC) to examine the policy options and implications of carbon pricing policies in competitive wholesale electricity markets. The request comes at a time when many states, utilities and electric markets are already considering policies […]
On March 26, Vistra Energy announced that it is donating $2 million to non-profits and social service agencies, providing direct relief for people with critical needs resulting from the COVID-19 pandemic in the communities it serves. More details on this donation are available in the news release below.
TXU Energy is assisting customers that may incur economic hardship related to the coronavirus by waiving late fees, extending payment due dates, and reducing down payments and deferring balances over five equal installments. If a customer is unable to pay their bill and to take advantage of this assistance, TXU Energy customers should call 1-800-242-9113. […]
As the impacts of the novel Coronavirus (COVID-19) are felt more widely, EPSA and its member companies (Vistra Energy is a member) stand ready to ensure that Americans have reliable power at the lowest cost wherever and whenever it’s needed. This mission is never more important than during times that test our strength and resilience. […]
On February 28, Vistra Energy announced changes to its board of directors. Effective February 24, 2020, Arcilia C. Acosta and Lisa Crutchfield have been appointed as independent directors. Ms. Acosta successfully operates both Southwest Testing Laboratories and CARCON Industries and has had great success and impact in the Texas marketplace. Ms. Crutchfield is the managing […]
Electric Power Supply Association (EPSA) announced the support of the organization and its members, of which Vistra Energy is one, of a price on carbon or other economy-wide, market-based mechanism to reduce carbon emissions. This is an example of how competitive markets can facilitate environmental goals of states and the nation. Full release below.
After thorough review of the FERC’s order on the PJM capacity auction rules, Vistra Energy supports the reasoned action that directs PJM to reform its capacity auction to address the anti-competitive effects state-subsidized resources have on the ability of the capacity market to function properly. For more information, read the full press release.
Vistra Energy continues to take steps to reduce greenhouse gas emissions and combat climate change, announcing today its long-term emissions reduction targets1: 2030: Goal to achieve a greater than 50 percent reduction in CO2 equivalent emissions by 2030 as compared to a 2010 baseline 2050: Long-term objective to achieve a greater than 80 percent reduction […]
TXU Energy and Vistra today affirmed their efforts to help customers impacted by recent storms in Texas. Individual customers impacted by the storm are able to get assistance in the form of extend payment due dates, reduced down payments and deferred balance payments. Additionally, bill-payment assistance is available through TXU Energy Aid. “Sunday’s tornadoes were […]
To help North Texans impacted following recent severe storms, TXU Energy announced today a series of steps it has taken to support customers. TXU Energy will work with customers impacted by the storm to: waive late fees, extend payment due dates, and reduce the down payment and defer the balances over five equal installments. To […]
Vistra Energy’s 2018 Sustainability Report showcases the company’s environmental sustainability, our people’s spirit of volunteerism through Energy In Action, the various renewable and conservation-focused products we offer, our substantial land reclamation activities, our rigorous governance structure, the company’s support of the United Nations’ Sustainable Development Goals, and more.
Vistra Energy CEO Curt Morgan’s written testimony, submitted April 28, 2019, to the Pennsylvania House Consumer Affairs Committee Vistra outlining Vistra’s opposition to House Bill 11 by State Representative Thomas Mehaffie (R-Hershey) and Senate Bill 510 by State Senator Ryan Aument (R-Lititz), which would provide nuclear power plants the same preferential treatment as solar, wind […]
Company targets growth through new renewable brand, Brighten Energy, and expansion of trusted Dynegy brand in three key states IRVING, Texas, March 7, 2019 /PRNewswire/ — Vistra Energy (NYSE: VST) announced today that it is launching a new retail electricity brand, Brighten Energy, in Illinois, Ohio, and Pennsylvania. Brighten Energy will supply renewable energy to socially […]
IRVING, Texas, Jan. 3, 2019 /PRNewswire/ — Luminant, a subsidiary of Vistra Energy (NYSE: VST), announced that its Upton 2 battery energy storage system project has finished construction and began operating on Dec. 31, 2018. The battery system, which is the largest energy storage project in Texas and seventh largest in the United States, is located […]
IRVING, Texas, Oct. 30, 2018 /PRNewswire/ — Luminant, a subsidiary of Vistra Energy (NYSE: VST), today announced that it has been awarded a $1 million grant from the Texas Commission on Environmental Quality for its Upton 2 battery energy storage system project. The New Technology Implementation Grant program is a part of the Texas Emissions Reduction […]
IRVING, Texas, Oct. 8, 2018 /PRNewswire/ — Luminant, a subsidiary of Vistra Energy (NYSE: VST), today released the following statement: Amendments to the Illinois emissions rules suggested by the Illinois Pollution Control Board, like those proposed by the Illinois Environmental Protection Agency, reflect a significant cap on emissions. The IPCB emission caps are more restrictive than […]
IRVING, Texas, Aug. 24, 2018 /PRNewswire/ — Luminant, a subsidiary of Vistra Energy (NYSE: VST), today announced that it filed a notice of suspension of operations with PJM and other mandatory regulatory notifications related to the retirement of its 51-megawatt waste coal facility, Northeastern Power Company, in McAdoo, Pennsylvania, due to its uneconomic operations and negative […]
Second Quarter Highlights IRVING, Texas, Aug. 6, 2018 Closed merger with Dynegy Inc. (Dynegy) on April 9, raising expected EBITDA value levers by approximately 43 percent to $500 million, increasing after-tax free cash flow value levers by approximately 300 percent to $260 million, and improving its five-year cash tax and TRA forecast by approximately $1.7 […]
IRVING, Texas, June 29, 2018 /PRNewswire/ — Vistra Energy (NYSE: VST) today announced that, subject to approval by the California Public Utilities Commission (CPUC), the company will enter into a 20-year resource adequacy contract with Pacific Gas and Electric Company (PG&E). Under the contract, Vistra will develop a 300-megawatt/1,200-megawatt hour, battery energy storage project at its […]
IRVING, Texas, June 25, 2018 /PRNewswire/ — Vistra Energy Corp. (NYSE: VST) today announced that Curt Morgan, Vistra’s president and chief executive officer, will be featured in an upcoming podcast interview on “Investing with the Buyside,” hosted by Nate Abercrombie. The podcast interview will be available beginning at 9 a.m. ET (8 a.m. CT) today, […]
Largest operating solar facility in Texas harnessing power from the sun IRVING, Texas, June 1, 2018 /PRNewswire/ — Vistra Energy (NYSE: VST) today announced that its Upton 2 Solar Power Plant in West Texas has achieved commercial operations. At 180 megawatts, Upton 2 is Texas’ largest operating solar facility. The company’s power generating subsidiary, Luminant, […]
On May 4, Vistra Energy held its first post-merger earnings call and announced Q1’18 results. Highlights include: Completed merger with Dynegy on April 9, 2018 — ahead of schedule and without any required divestiture of ERCOT gas-fueled power plants Increased targeted EBITDA, free cash flow, and tax synergy value levers associated with the merger by nearly 60 […]
Vistra Energy (NYSE: VST), the parent company for TXU Energy and Luminant, and Dynegy Inc. (NYSE: DYN) announced that their Boards of Directors have approved, and the companies have executed, a definitive merger agreement pursuant to which Dynegy will merge with and into Vistra Energy in a tax-free, all-stock transaction, creating the leading integrated power […]
Luminant, a subsidiary of Vistra Energy (NYSE: VST), announced that it will close two coal-fueled power plants in Central Texas: its two-unit Sandow Power Plant in Milam County and its two-unit Big Brown Power Plant in Freestone County. In total, approximately 2,300 MW of nameplate power will be taken offline in early 2018. See press […]
On August 30, 2017, TXU Energy announced that it has taken steps to help customers impacted by Hurricane Harvey. During this time of extreme need, TXU Energy is assisting affected customers by: Waiving late fees. Extending payment due dates with no down payment required. Reducing down payments and deferring the balances over five equal installments. […]
Vistra Energy announced this morning it has entered into an agreement to acquire a 1,054 MW combined cycle, combustion turbine power plant located in Odessa. In addition to expanding Luminant’s fleet of diverse resources and the company’s presence in ERCOT, the Odessa plant allows the company to take advantage of current natural gas prices in […]
Vistra Energy (NYSE: VST), the parent company for TXU Energy and Luminant, today reported first quarter 2017 net income of $78 million and cash provided by operating activities of $141 million. Adjusted EBITDA for the first quarter 2017 was $276 million and adjusted free cash flow was $(48) million.Vistra Energy reports Q1’17 results. Full earnings […]
Vistra Energy (NYSE: VST), the parent company for TXU Energy and Luminant, announced the purchase of the Upton County Solar 2 development project in West Texas. The purchase delivers on the company’s strategic plan to further strengthen and expand its integrated businesses through enhanced retail solar offerings and diversity across its generation fleet.
On Tuesday, Mitch Schnurman, the Dallas Morning News’ Business columnist, wrote a complimentary piece about TXU Energy. The column highlighted its significant brand attributes, relentless focus on the customer, growth and sharply decreased level of PUC complaints. TXU Energy President Scott Hudson called it “overall recognition of the people of TXU Energy and all the […]
On November 4, 2016, TCEH Corp. announced a new name, Vistra Energy, that builds upon the company’s 130-year track record of serving Texans and launches toward a revitalized future as a leading, dynamic energy player in Texas. As the parent company of TXU Energy and Luminant, Vistra Energy will provide customer-focused service as the state’s […]
I am pleased to inform you that Luminant and TXU Energy have emerged from the Chapter 11 process as a standalone company. Oncor’s emergence from bankruptcy is proceeding on a separate timetable. I want to emphasize at the outset: our emergence from this process would not have been possible without the support of all of […]
09.27.2016 On September 27, 2016, the Railroad Commission of Texas approved Luminant’s application for a collateral bond securing its mine reclamation obligations. This important milestone marks the final regulatory approval needed for TCEH to emerge from the restructuring process. We are confident that emergence will occur very soon, perhaps as soon as Monday, Oct. 3. […]