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Luminant to Close 51-Megawatt Power Facility in PJM Electric Market

IRVING, Texas, Aug. 24, 2018 /PRNewswire/ — Luminant, a subsidiary of Vistra Energy (NYSE: VST), today announced that it filed a notice of suspension of operations with PJM and other mandatory regulatory notifications related to the retirement of its 51-megawatt waste coal facility, Northeastern Power Company, in McAdoo, Pennsylvania, due to its uneconomic operations and negative […]

Vistra Energy Reports Second Quarter 2018 Results Above Expectations, Reaffirms 2018 / 2019 Ongoing Operations Guidance

Second Quarter Highlights IRVING, Texas, Aug. 6, 2018 Closed merger with Dynegy Inc. (Dynegy) on April 9, raising expected EBITDA value levers by approximately 43 percent to $500 million, increasing after-tax free cash flow value levers by approximately 300 percent to $260 million, and improving its five-year cash tax and TRA forecast by approximately $1.7 […]

Vistra Energy to Develop 300-Megawatt Battery Storage Project in California

IRVING, Texas, June 29, 2018 /PRNewswire/ — Vistra Energy (NYSE: VST) today announced that, subject to approval by the California Public Utilities Commission (CPUC), the company will enter into a 20-year resource adequacy contract with Pacific Gas and Electric Company (PG&E). Under the contract, Vistra will develop a 300-megawatt/1,200-megawatt hour, battery energy storage project at its […]

Vistra Energy Chief Executive Officer, Curt Morgan, to be Featured in Upcoming Podcast Interview on “Investing with the Buyside”

IRVING, Texas, June 25, 2018 /PRNewswire/ — Vistra Energy Corp. (NYSE: VST) today announced that Curt Morgan, Vistra’s president and chief executive officer, will be featured in an upcoming podcast interview on “Investing with the Buyside,” hosted by Nate Abercrombie.  The podcast interview will be available beginning at 9 a.m. ET (8 a.m. CT) today, […]

Upton 2 Solar Power Plant Achieves Commercial Operation

Largest operating solar facility in Texas harnessing power from the sun IRVING, Texas, June 1, 2018 /PRNewswire/ — Vistra Energy (NYSE: VST) today announced that its Upton 2 Solar Power Plant in West Texas has achieved commercial operations. At 180 megawatts, Upton 2 is Texas’ largest operating solar facility. The company’s power generating subsidiary, Luminant, […]

VISTRA ENERGY SIGNIFICANTLY INCREASES MERGER SYNERGY TARGETS, ANNOUNCES POST-MERGER FINANCIAL GUIDANCE, AND REPORTS FIRST QUARTER RESULTS

On May 4, Vistra Energy held its first post-merger earnings call and announced Q1’18 results. Highlights include: Completed merger with Dynegy on April 9, 2018 — ahead of schedule and without any required divestiture of ERCOT gas-fueled power plants Increased targeted EBITDA, free cash flow, and tax synergy value levers associated with the merger by nearly 60 […]

Vistra Energy And Dynegy To Combine To Create Leading Integrated Power Company

Vistra Energy (NYSE: VST), the parent company for TXU Energy and Luminant, and Dynegy Inc. (NYSE: DYN) announced that their Boards of Directors have approved, and the companies have executed, a definitive merger agreement pursuant to which Dynegy will merge with and into Vistra Energy in a tax-free, all-stock transaction, creating the leading integrated power […]