On February 19, Vistra received approval from the Federal Energy Regulatory Commission (FERC) to acquire Energy Harbor, which includes a 4,000-megawatt nuclear generation fleet and retail business of ~1 million customers. FERC’s approval was the last regulatory approval needed for the companies to close the transaction. Vistra anticipates closing in the coming weeks.
Vistra Announces Acquisition of Energy Harbor
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 […]
Vistra Launches New EV Retail Solution
On November 1, Vistra announced the launch of a new, innovative, technology-enabled retail electricity product for TXU Energy retail customers. The TXU Energy Free EV Miles provides customers with free home EV charging during convenient hours powered by 100% clean electricity. See the attached release for more information.
Vistra Applies for Comanche Peak Renewal
On October 3, Vistra announced it filed with the Nuclear Regulatory Commission to extend the operating license for the Comanche Peak Nuclear Power Plant for an additional 20-years, which would provide an operational life through 2053. Additional information in the News Release below.
TXU Energy Aid and Beat The Heat Programs Help Keep Texans Cool
The extreme heat experienced this summer impacted the health and well-being of the most vulnerable Texans. TXU Energy remained committed to supporting our neighbors during these hot summer months through its TXU Energy Aid bill payment assistance program and the company’s 24th annual Beat the Heat program. See the attached infographics for more information. BTH [...]
Vistra Announces Restart of Moss Landing Energy Storage Facility
On May 9, Vistra released a statement indicating plans to incrementally restart Phases I & II of the Moss Landing Energy Storage Facility beginning in early June with all 400 MW anticipated to be operational in August. More details available in the statement below. STATEMENT Moss Landing Restart - May 2022 FINAL
Vistra Announces CEO Transition
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 […]
Vistra Announces Expansion of World’s Largest Battery Energy Storage Facility
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 […]
Vistra Announces Investigation Findings and Corrective Actions Related to Fall 2021 Incident at Moss Landing Energy Storage Facility
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 […]
Vistra Launches Green Finance Framework
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 […]