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 Assures Residential Customers Impacted By Storm
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 […]
Vistra Announces $5 Million Donation to Assist Customers
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 […]
Powering Texas During Winter Storm
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 Moss Landing Storage System Comes Online
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 […]
Vistra Joins Zero Emissions Transportation Association
In September, Vistra joined the Zero Emissions Transportation Association (ZETA), a coalition advocating for 100% electric vehicle sales by 2030. As ZETA will work in Washington to influence policy and ensure market-based approaches are considered in federal legislation around EV infrastructure deployment – not just rate-based/utility solutions. >> Read the full press release >> ZETA [...]
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, […]
Business Roundtable Report on Climate Change Solutions
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