Vistra has now received approval from the Federal Energy Regulatory Commission to acquire Energy Harbor.
Vistra announced last March that the purchase of Energy Harbor, which includes a 4,000 megawatt nuclear generation fleet and retail business of ~1 million customers, presents a unique opportunity to accelerate the growth of Vistra’s zero-carbon generation portfolio.
FERC’s approval, which was received Friday afternoon, was the last regulatory approval needed for the companies to close the transaction.
Vistra is a leading Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. With operations in 20 states and the District of Columbia, Vistra combines an innovative, customer-centric approach to retail with safe, reliable, and efficient power generation.
Vistra is a leading Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive power markets in the U.S. Serving nearly 4.3 million residential, commercial, and industrial retail customers with electricity and gas, Vistra is one of the largest competitive residential electricity providers in the country and offers over 50 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 37,000 megawatts powered by a diverse portfolio of natural gas, nuclear, solar, and battery energy storage facilities. The company owns and operates the 750-MW/3,000-MWh energy storage system in Moss Landing, California, the largest of its kind in the world.
SOURCE : PRNewswire