As such, we believe that markets should be allowed to function freely with minimal oversight and regulated only to the extent needed to ensure a fair and equitable treatment of market participants and customers.

Out-of-market subsidies run counter to a well-functioning competitive electricity market. We recognize, however, that it is not always possible to avoid subsidies for various policy or political reasons. Therefore, should subsidies be implemented, we believe that such subsidies should be targeted, technology neutral, time limited and phased out as the rationale for the subsidized item becomes obsolete

We believe in a sustainable future, for our business, our environment, and our communities. However, we believe that coal, natural gas, nuclear and other “traditional” electric generation facilities will continue to have a role to play in generating safe, reliable and secure power to customers. We believe these facilities operate best in competitive markets as part of a broad generation portfolio.

We believe in pursuing economic and appropriate opportunities to integrate new generation technologies and approaches into the grid. We further believe that in competitive areas, such technologies or approaches should be backed by private investment and not subject to market distorting mandates or public subsidization.

As such, we believe that customer protection regulations should provide relief to customers in these situations. We believe that customer protections should be structured in such a way that does not inhibit innovation, prevent fair business practices or punish good actors operating in good faith.

Among these are limited income, elderly, and medical critical care customers. We support public and private programs to assist these customers with their energy needs and protections to ensure they have the energy they need to prevent life-threatening conditions.

We further believe that any new environmental laws and regulations should be targeted, based on sound science, and that their costs be commensurate with the benefits obtained. Environmental reporting should be based on actual measured data, consolidated as much as possible and should not create an undue compliance burden.

Vistra believes that EVs and EV infrastructure are competitive products and should be provided through the competitive market. While Vistra does not support subsidization of competitive products in general, if legislative or regulatory action is taken to provide out-of-market support to EVs or EV infrastructure Vistra believes that these out-of-market actions should be targeted, time limited and done outside of utility rates.