This marks the final regulatory approval
needed in the acquisition process
IRVING,
Texas, Feb. 19, 2024 /PRNewswire/ -- Vistra
(NYSE: VST) has now received approval from the Federal Energy
Regulatory Commission (FERC) 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 anticipates closing in the coming weeks.
About Vistra
Vistra (NYSE: VST) 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. Learn more at vistracorp.com.
Cautionary Note Regarding Forward-Looking Statements
The information in this press release 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 made by
Vistra's management, involve risks and uncertainties, which are
difficult to predict and are not guarantees of future performance.
Readers are cautioned not to place undue reliance on
forward-looking statements. Although Vistra believes that in making
any such forward-looking statement, Vistra'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 those
additional risks and factors discussed in reports filed with the
Securities and Exchange Commission by the Company from time to
time, including the uncertainties and risks discussed in the
sections entitled "Risk Factors" and "Forward-Looking Statements"
in Vistra's annual report on Form 10-K for the year ended
December 31, 2022 and any
subsequently filed quarterly reports on Form 10-Q.
Any forward-looking statement speaks only at the date on which
it is made, and except as may be required by law, Vistra 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 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.
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SOURCE Vistra Corp