IRVING, Texas, May 23, 2018 /PRNewswire/ -- Vistra Energy Corp.
(NYSE: VST) today reported its results from the PJM capacity
auction for planning year 2021/2022. The company cleared a total of
9,779 megawatts (MW) at a weighted average clearing price of
$156.47 per megawatt-day, equating to
approximately $559 million in
capacity revenue for the 2021/2022 planning year. This total
includes Vistra's PJM fleet that cleared 8,981 MW at a weighted
average price of $157.94 per
megawatt-day for total capacity revenues of $518 million and exports from MISO to PJM that
cleared 799 MW at a weighted average price of $140.00 per megawatt-day for total capacity
revenues of $41 million.
The table below lists Vistra's cleared capacity and associated
clearing price for the 2021/2022 capacity auction by zone.
Zone
|
|
Clearing Price
per MW-Day
|
|
Megawatts
Cleared
|
|
|
|
|
|
RTO1
|
|
$140.00
|
|
6,435
|
|
|
|
|
|
COMED
|
|
$195.55
|
|
2,450
|
|
|
|
|
|
EMAAC
|
|
$165.73
|
|
534
|
|
|
|
|
|
ATSI
|
|
$171.33
|
|
360
|
|
|
|
|
|
Total
|
|
$156.47
|
|
9,779
|
|
1
|
Includes 799 MW of
MISO imports.
|
About Vistra Energy
Vistra Energy (NYSE: VST) is a
premier, integrated power company based in Irving, Texas, combining an innovative,
customer-centric approach to retail with a focus on safe, reliable,
and efficient power generation. Through its retail and generation
businesses which include TXU Energy, Homefield Energy, Dynegy, and
Luminant, Vistra operates in 12 states and six of the seven
competitive markets in the U.S., with about 6,000 employees.
Vistra's retail brands serve approximately 2.9 million residential,
commercial, and industrial customers across five top retail states,
and its generation fleet totals approximately 41,000 megawatts of
highly efficient generation capacity, with a diverse portfolio of
natural gas, nuclear, coal, and solar facilities.
Cautionary Note Regarding Forward-Looking
Statements
The information presented herein includes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements, which are based on current expectations, estimates and
projections about the industry and markets in which Vistra Energy
Corp. ("Vistra Energy") operates and beliefs of and assumptions
made by Vistra Energy's management, involve risks and
uncertainties, which are difficult to predict and are not
guarantees of future performance, that could significantly affect
the financial results of Vistra Energy. All statements, other than
statements of historical facts, that are presented herein, or in
response to questions or otherwise, that address activities, events
or developments that may occur in the future, including such
matters as activities related to our financial or operational
projections, projected synergy, value lever and net debt targets,
capital allocation, capital expenditures, liquidity, projected
Adjusted EBITDA to free cash flow conversion rate, dividend policy,
business strategy, competitive strengths, goals, future
acquisitions or dispositions, development or operation of power
generation assets, market and industry developments and the growth
of our businesses and operations (often, but not always, through
the use of words or phrases, or the negative variations of those
words or other comparable words of a future or forward-looking
nature, including, but not limited to, "intends," "plans," "will
likely," "unlikely," "believe," "expect," "seek," "anticipate,"
"estimate," "continue," "will," "shall," "should," "could," "may,"
"might," "predict," "project," "forecast," "target," "potential,"
"forecast," "goal," "objective," "guidance" and "outlook"),are
forward-looking statements. . Readers are cautioned not to place
undue reliance on forward-looking statements. Although Vistra
Energy believes that in making any such forward-looking statement,
Vistra Energy's expectations are based on reasonable assumptions,
any such forward-looking statement involves uncertainties and risks
that could cause results to differ materially from those projected
in or implied by any such forward-looking statement, including but
not limited to (i) the effect of the merger (the "Merger") on
Vistra Energy's relationships with Vistra Energy's and Dynegy
Inc.'s ("Dynegy") respective customers and their operating results
and businesses generally (including the diversion of management
time on integration-related issues); (ii) the risk that the credit
ratings of the combined company or its subsidiaries are different
from what Vistra Energy expects; (iii) adverse changes in general
economic or market conditions (including changes in interest rates)
or changes in political conditions or federal or state laws and
regulations; (iv) the ability of Vistra Energy to execute upon the
contemplated strategic and performance initiatives (including the
risk that Vistra Energy's and Dynegy's respective businesses will
not be integrated successfully or that the cost savings, synergies
and growth from the Merger will not be fully realized or may take
longer than expected to realize); and (v) those additional risks
and factors discussed in reports filed with the Securities and
Exchange Commission ("SEC") by Vistra Energy and Dynegy from time
to time, including the uncertainties and risks discussed in the
sections entitled "Risk Factors" and "Forward-Looking Statements"
in Vistra Energy's and Dynegy's respective annual reports on Form
10-K for the fiscal year ended Dec. 31,
2017.
Any forward-looking statement speaks only at the date on which
it is made, and except as may be required by law, Vistra Energy
will not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which it is made or to reflect the occurrence of unanticipated
events. New factors emerge from time to time, and it is not
possible to predict all of them; nor can Vistra Energy assess the
impact of each such factor or the extent to which any factor, or
combination of factors, may cause results to differ materially from
those contained in any forward-looking statement.
Media
Allan Koenig
214-875-8004
Media.Relations@vistraenergy.com
Analysts
Molly Sorg
214-812-0046
Investor@vistraenergy.com
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SOURCE Vistra Energy