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.
Illinois Edwards Coal Plant Retirement Settlement
On September 16, 2019, Illinois Power Resources Generating, LLC (IPRG), an affiliate of Luminant, the Sierra Club, Natural Resources Defense Council (NRDC), and Respiratory Health Association (RHA) reached agreement on settlement of a Clean Air Act lawsuit brought by environmental organizations in 2013. If approved by the Court, the proposed settlement would provide for retirement [...]
Vistra Energy to Close Four IL Power Plants
Vistra Energy announced on August 21 that it will retire four power plants in Illinois to meet the requirements of the recently approved revisions to the Multi-Pollutant Standard rule imposed by the Illinois Pollution Control Board. Closures are expected to be finalized by the end of the year. See the news release below for more [...]
Vistra Announces Agreement to Acquire Ambit Energy
Vistra Energy announced August 20 that it has entered an agreement to acquire Ambit Energy for $475 million plus working capital in an all-cash transaction. More information in the news release below.
Vistra Energy Completes Acquisition of Crius Energy Trust
Vistra Energy announced the successful completion of the acquisition by Vistra of the business of Crius Energy. The closing of the transaction follows the overwhelming approval of the transaction by Crius Energy unitholders. Read the full release
Vistra Energy Agrees to Acquire Crius Energy
Vistra Energy Will Become the Leading Residential Electricity Provider in the Nation IRVING, Texas, Feb. 7, 2019 /PRNewswire/ -- Today, Vistra Energy (NYSE: VST) and Crius Energy Trust (TSX: KWH.UN) announced they have entered into a definitive agreement pursuant to which Vistra will acquire Crius Energy for cash consideration of C$7.57 per trust unit. Following [...]
TXU Energy Provides Support for Furloughed Federal Workers
IRVING, Texas, Jan. 18, 2019 /PRNewswire/ -- TXU Energy, the energy retail subsidiary of Vistra Energy (NYSE: VST), today announced a series of energy assistance programs intended to assist customers who have been adversely impacted by the extended federal government shutdown. The announcement is intended to expand awareness of these efforts, respond to customer inquiries, [...]
Vistra Energy Supports Texas PUC’s Market Changes for Reliability
IRVING, Texas — Jan. 17, 2019 — Today the Public Utility Commission of Texas (PUCT) took an important and necessary step to ensure the long-term reliability of the electric market while balancing the cost to consumers. The state’s electric system is critical to the strength of the Texas economy and this decision sends the proper [...]
Luminant Brings Large-Scale Energy Storage to Texas
IRVING, Texas, Jan. 3, 2019 /PRNewswire/ — Luminant, a subsidiary of Vistra Energy (NYSE: VST), announced that its Upton 2 battery energy storage system project has finished construction and began operating on Dec. 31, 2018. The battery system, which is the largest energy storage project in Texas and seventh largest in the United States, is located […]
Pat Wood Op-Ed on Wholesale Pricing in the Texas Competitive Electric Market
Former chairman of the Public Utility Commission and of the Federal Energy Regulatory Commission pens op-ed supporting Texas’ market-based reliability solutions. Click the image for a .pdf version.