Vistra Corp

Vistra is a Fortune 275 integrated retail electricity and power generation company based in Irving, Texas.

Vistra Corp.
FormerlyVistra Energy Corp.
TypePublic company
Industry
  • Energy and Power Generation
Founded2016 (2016)
Headquarters
Irving, Texas
,
U.S.
Key people
  • Curtis A. Morgan (CEO)
RevenueDecrease US$11.4 billion (2020)
Decrease US$1.8 billion (2020)
Total assetsDecrease US$25.2 billion (2020)
Number of employees
4,910 (December 2022)
Subsidiaries
Websitevistracorp.com

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 the 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]

References
  1. "Forbes Global 2000". Retrieved 31 October 2020.
  2. "PERI - Greenhouse 100 Polluters Index". Political Economy Research Institute. Retrieved 2023-02-23.
  3. "TCEH Emerges from Chapter 11". PR Newswire. Retrieved 2022-02-24.
  4. "Vistra Corp Company History". Retrieved 2021-09-15.
  5. "Vistra's spending spree continues with $475M acquisition of Ambit". Utility Dive. Retrieved 2020-04-11.
  6. "Analysts bullish on Vistra as it builds retail book through Crius deal". www.spglobal.com. Retrieved 2020-04-11.
  • Official website
  • Business data for Vistra Corp.:
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.