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Vistra Completes Energy Harbor Acquisition
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Vistra announced that it has completed the acquisition of Energy Harbor Corp., which includes approximately 4,000 megawatts of nuclear generation and approximately 1 million additional retail customers.
Vistra said that, with the transaction complete, Vistra:
• brings its products and services to market in 20 states and the District of Columbia, including all major competitive wholesale power markets in the U.S.
• is the largest competitive power generator in the country, operating ~41,000 megawatts of installed generation capacity, including
-- four nuclear generation facilities totaling more than 6,400 MW across ERCOT and PJM markets,
-- the second-largest energy storage capacity in the country at ~1,020 MW, including the world's largest battery energy storage facility
-- a growing portfolio of solar assets, including ~340 MW already online
• through its many retail brands, serves approximately 5 million residential, business, and commercial/industrial customers
• combines its nuclear fleet with its retail business and its operating renewable and energy storage projects in a subsidiary called Vistra Vision, which will continue to be operated on an integrated basis with the company's dispatchable and reliable fossil fleet in Vistra Tradition -- a portfolio backed by more than 20,000 MW of highly efficient natural gas generation capacity
The combined company's headquarters will be in Irving, Texas, with regional offices in Houston; Akron, Cincinnati, and Columbus, Ohio; King of Prussia, Pennsylvania; and Collinsville and Oak Brook, Illinois.
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March 1, 2024
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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