Vistra Corp Explained

Vistra Corp.
Former Name:Vistra Energy Corp.
Type:Public company
Hq Location City:Irving, Texas
Hq Location Country:U.S.
Revenue: (2020)
Operating Income: (2020)
Num Employees: (December 2023)

Vistra is a Fortune 500 integrated retail electricity and power generation company based in Irving, Texas.

The company is the largest competitive power generator in the U.S. with a capacity of approximately 39GW powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities.

In the 2020 Forbes Global 2000, Vistra Energy was ranked as the 756th-largest public company in the world.[1]

The company owns the Moss Landing Power Plant in California which currently (2021) contains the largest battery energy storage system in the world (400-MW/1,600-MWh).

As of 2020, the company was ranked as the highest CO2 emitter in the US.[2]

History

In 2016, Texas Competitive Electric Holdings (TCEH), parent company of TXU Energy and Luminant, emerged from Chapter 11 (as part of the bankruptcy protection for Energy Future Holdings Corporation).[3] TCEH was then rebranded as Vistra Energy.[4]

Vistra acquired Dynegy in 2018. In 2019, Ambit Energy was acquired, resulting in a 32% residential market share in ERCOT, with NRG Energy as its largest competitor.[5] It also acquired Crius Energy in 2019.[6]

Notes and References

  1. Web site: Forbes Global 2000 . 31 October 2020.
  2. Web site: PERI - Greenhouse 100 Polluters Index. Political Economy Research Institute. en-US. 2023-02-23.
  3. Web site: TCEH Emerges from Chapter 11. PR Newswire. en-US. 2022-02-24.
  4. Web site: Vistra Corp Company History. en-US. 2021-09-15.
  5. Web site: Vistra's spending spree continues with $475M acquisition of Ambit. Utility Dive. en-US. 2020-04-11.
  6. Web site: Analysts bullish on Vistra as it builds retail book through Crius deal. www.spglobal.com. en-us. 2020-04-11.