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Vistra Corp. (NYSE: VST) is a leading integrated retail electricity and power generation company based in Irving, Texas. With operations spanning 20 states and the District of Columbia, Vistra is committed to providing reliable and affordable energy solutions to approximately 5 million customers, including nearly a third of all Texas electricity consumers.
Vistra's diverse generation portfolio is robust, including nearly 41 gigawatts of nuclear, coal, natural gas, and solar power, supported by one of the largest utility-scale battery projects in the world. The company's power generation assets in Texas alone comprise about 18,000 MW, with a mix of nuclear, coal, and natural gas facilities, as well as significant renewable energy purchases from wind and solar sources.
Recent significant developments include the acquisition of Energy Harbor, which was finalized in March 2024 after receiving the last regulatory approval from the Federal Energy Regulatory Commission (FERC). This acquisition expanded Vistra's zero-carbon generation portfolio by adding over 4,000 MW of nuclear power and approximately 1 million additional retail customers.
Financially, Vistra demonstrates strong performance and stability, with positive cash flows and strategic growth initiatives. The company reported a net income of $1,492 million for the full year 2023, significantly improving over the previous year. Vistra's hedging strategies and comprehensive approach to risk management underscore its ability to navigate market uncertainties and deliver consistent financial results.
Vistra is also at the forefront of energy transformation, with ongoing investments in solar and battery storage projects. In 2024, Vistra announced plans to add up to 2,000 MW of natural gas power capacity in Texas, aimed at bolstering grid reliability amidst increasing power demand driven by economic growth and electrification in various sectors.
The company’s retail arm, TXU Energy, is the #1 electricity choice in Texas, providing innovative plans like TXU Energy Free EV Miles℠, supporting the transition to electric vehicles by offering free home EV charging backed by 100% renewable sources.
Vistra's commitment to operational excellence, customer-centric solutions, and sustainable energy practices makes it a pivotal player in the US energy sector. With a vision for future growth and a strong foundation built on over a century of expertise, Vistra continues to drive forward the energy landscape.
Vistra (NYSE: VST) has announced that it will release its second quarter 2024 financial and operating results on Thursday, Aug. 8, 2024. The company will host a live conference call and webcast at 10 a.m. ET (9 a.m. CT) to discuss the results. Investors and analysts can access the webcast through Vistra's website under the 'Investor Relations' section and 'Events & Presentations' subsection. For those who prefer to listen by phone, registration is required prior to the call to receive dial-in information. A replay of the webcast will be available on Vistra's website for one year following the event, providing extended access to the financial information and discussion.
Vistra (NYSE: VST), a Texas-based energy company, has pledged $1 million to aid customers and communities impacted by Hurricane Beryl. The donation will be split between charity and social services partners for supplies and food assistance, and Vistra's Energy Aid program for electric bill support. $400,000 is specifically allocated for bill-payment assistance in affected areas.
Vistra's retail brands, including TXU Energy and Ambit Energy, are offering payment flexibility to affected customers through August 30, including waived late fees and extended payment due dates. The company's Energy Aid program has provided over $130 million in bill-payment assistance over 40 years, helping around 20,000 families annually.
Vistra (NYSE: VST) has announced plans to add up to 2,000 MW of natural-gas-fueled power capacity in Texas. This includes constructing up to 860 MW of new simple-cycle peaker plants, repowering the 600 MW Coleto Creek coal plant into a gas plant, and upgrading existing gas plants to add more than 500 MW of summer capacity and 100 MW of winter capacity. The initiative aims to support Texas' growing power needs driven by economic and population growth. Vistra’s investment is supported by recent Texas legislative reforms that incentivize dispatchable generation. The company is filing a Notice of Intent to apply for support from the Texas Energy Fund on May 31. This plan ensures reliable, affordable, and lower-emission power for Texans while leveraging existing infrastructure for quicker project completion.
TXU Energy announced the recipients of the 2024 TXU Energy Leadership Awards at the TXU Energy Summit in Houston. The awards recognize achievements in energy management, sustainability, engagement, and community service. Winners include:
Foxconn Industrial Internet for Energy Management, saving 128,000 kWh annually through a $20,000 investment in industrial chiller upgrades.
Harris County for Sustainability, achieving 31 of 32 climate action goals, saving $540,000, and receiving $200,000 in utility credits.
City of Corpus Christi for Engagement, launching a tree-planting initiative funded by nearly $300,000 from TXU Energy, earning $30,000 in Reduction Rewards.
Mission 911 for Community, providing $800,000 in bill-payment assistance and distributing 2,000 fans through various support campaigns.
TXU Energy will present additional awards at the Dallas/Fort Worth Summit in the fall.
Vistra Corp. reported strong first quarter 2024 financial results with GAAP Net Income of $18 million, Cash Flow from Operations of $312 million, and Ongoing Operations Adjusted EBITDA of $813 million. The company raised synergy expectations for Energy Harbor and announced $200 million OPI initiatives. Vistra was added to the S&P 500 effective May 8, 2024. The company remains focused on delivering strong and stable earnings, executing disciplined capital allocation, and supporting a sustainable energy future.
Vistra (NYSE: VST) declared a quarterly dividend of $0.2175 per share of common stock, totaling an estimated $75 million this quarter, marking a 7% increase from the previous year. The company also announced semi-annual dividends for its Series B and Series C preferred stocks.
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