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 […]
Bill Payment Assistance Providers
With the summer months upon us we wanted to let Texas House, Senate and Congressional members know about the Comprehensive Energy Assistance Program (CEAP). CEAP provides much needed utility bill payment assistance (electric, natural gas or propane) for low income (150% of federal poverty guidelines) households or families affected by COVID-19. This program is administered [...]
Zimmer Power Plant to Close
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 Retail Brands Set Industry Standard in National Survey of Aggregators, Brokers, and Consultants
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 […]
TXU Energy Provides Thousands of Fans and A/C Units to Texans in Need
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.
Vistra’s Integrated Model Makes Solar More Accessible
Vistra’s integrated model enables Texas residential customers to save money and reduce demand via TXU Energy’s Free Nights & Solar Days offer. Read more in the attached release.
Vistra Accelerates Pivot to Invest in Clean Energy and Combat Climate Change
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
Updated 2030/2050 Emissions Reduction Targets
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, […]
Vistra’s 2020 Climate Report
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, […]