Vistra (VST) Receives Final Approval for Energy Habror Acquisition

By Bobby Samwell • Tuesday, February 20 10:41 • Permanent Link

Vistra Corp. (NYSE: VST) has received final approval from the Federal Energy Regulatory Commission (FERC) for its acquisition of Energy Harbor, marking the completion of the regulatory process. The acquisition includes a 4,000-megawatt nuclear generation fleet and a retail business serving approximately 1 million customers. In a statement, Vistra highlighted that this acquisition presents a unique opportunity to accelerate the growth of its zero-carbon generation portfolio.

"The approval from the Federal Energy Regulatory Commission is a significant milestone for us. We are excited about the opportunities that the acquisition of Energy Harbor presents for us to further expand our zero-carbon generation portfolio and enhance our retail business," said a spokesperson from Vistra.

Vistra anticipates closing the transaction in the coming weeks, following the receipt of the final regulatory approval. The company's shares have responded to the news, moving 1.9% and currently trading at $46.43.

Vistra Corp., based in Irving, Texas, is a leading Fortune 500 integrated retail electricity and power generation company with operations in 20 states and the District of Columbia. The company combines an innovative, customer-centric approach to retail with safe, reliable, and efficient power generation.

The company's full 8-K submission is available here.

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