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
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, […]
Vistra Energy (NYSE: VST) was ranked #270 in the 2020 Fortune 500 listing, a climb of 67 places from #337 in 2018. Read more about Vistra’s commitment to Powering the People in the company’s Fortune 500 profile.
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 […]
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.
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 […]
Background document the provides a history of the Edwards lawsuit as well as an overview of the proposed settlement, emission reductions, and Vistra Energy’s remaining Illinois generation fleet.