On March 6, Vistra announced that it has executed a definitive agreement with Energy Harbor Corp., pursuant to which Energy Harbor will merge with and into a newly-formed subsidiary of Vistra. This combination creates a leading integrated retail electricity and zero-carbon generation company with the second-largest competitive nuclear fleet in the country, along with a […]
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 […]
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.