Vistra Corp

Last updated
Vistra Corp.
FormerlyVistra Energy Corp.
Company type Public
Industry
  • Energy and Power Generation
Founded2016;9 years ago (2016)
Headquarters,
U.S.
Key people
  • Jim Burke (CEO)
RevenueDecrease2.svg US$11.4 billion (2020)
Decrease2.svgUS$1.8 billion (2020)
Total assets Decrease2.svgUS$25.2 billion (2020)
Number of employees
approx. 4,870 (December 2023)
Subsidiaries
Website vistracorp.com

Vistra Corp. 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.

Contents

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 as of 2021 contained the largest battery energy storage system in the world (400-MW/1,600-MWh), but was significantly damaged in a fire in January 2025. As of 2020, the company was ranked as the highest CO2 emitter in the US. [2]

History

In 2016, Texas Competitive Electric Holdings|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 Electric Reliability Council of Texas (ERCOT), with NRG Energy as its largest competitor. [5] It also acquired Crius Energy in 2019. [6]

Related Research Articles

Energy Future Holdings Corporation is an electric utility company headquartered in Energy Plaza in Downtown Dallas, Texas, United States. The majority of the company's power generation is through coal and nuclear power plants. From 1998 to 2007, the company was known as TXU Corporation until its $45 billion leveraged buyout by Kohlberg Kravis Roberts, TPG Capital and Goldman Sachs Capital Partners. That purchase was the largest leveraged buyout in history. As of 2019, TXU Energy is a subsidiary of publicly traded Vistra Energy.

<span class="mw-page-title-main">TXU Energy</span> American retail electricity provider

TXU Energy is an American retail electricity provider headquartered in Irving, Texas, serving residential and business customers in deregulated regions of Texas since the deregulation of the Texas electricity market in 2002. A subsidiary of Vistra Corp, it is one of the largest retail electricity providers in Texas.

<span class="mw-page-title-main">Marathon Petroleum</span> American petroleum refining, marketing, and transportation company

Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.

Oklahoma Gas & Electric Company is a regulated electric utility company that serves over 843,000 customers in Oklahoma and Arkansas, including 1.5 million people in the Oklahoma City Metropolitan Area. It is the leading subsidiary of OGE Energy Corp., with headquarters in downtown Oklahoma City. OGE Energy is also the former parent of Enogex Inc., a natural gas pipeline business which merged with CenterPoint Energy's midstream business to form Enable Midstream in 2013, in 2021 OGE and CenterPoint sold their general partnership in Enable Midstream to Energy Transfer. OGE Energy and its subsidiaries have about 3,100 employees.

<span class="mw-page-title-main">Perry Nuclear Generating Station</span> Nuclear power plant in North Perry, Ohio, United States

The Perry Nuclear Power Plant is located on a 1,100 acres (450 ha) site on Lake Erie, 40 miles (64 km) northeast of Cleveland in North Perry, Ohio, US. The nuclear power plant is owned and operated by Vistra Corporation.

<span class="mw-page-title-main">Constellation Energy</span> Energy company headquartered in Baltimore, Maryland

Constellation Energy Corporation is an American energy company headquartered in Baltimore, Maryland. The company provides electric power, natural gas, and energy management services. It has approximately two million customers across the continental United States.

<span class="mw-page-title-main">FirstEnergy</span> American electric utility

FirstEnergy Corp. is a privately owned electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997. Its subsidiaries and affiliates are involved in the distribution, transmission, and generation of electricity, as well as energy management and other energy-related services. Its ten electric utility operating companies comprise one of the United States' largest investor-owned utilities, based on serving 6 million customers within a 65,000-square-mile (170,000 km2) area of Ohio, Pennsylvania, West Virginia, Virginia, Maryland, New Jersey, and New York. Its generation subsidiaries control more than 16,000 megawatts of capacity, and its distribution lines span over 194,000 miles. In 2018, FirstEnergy ranked 219 on the Fortune 500 list of the largest public corporations in the United States by revenue.

<span class="mw-page-title-main">Moss Landing Power Plant</span> Natural gas-fired power station in Moss Landing, California

The Moss Landing Power Plant is a natural gas powered electricity generation plant as well as a battery energy storage facility, located in Moss Landing, California, United States, at the midpoint of Monterey Bay. The site's battery energy storage facility is the largest commercial battery energy storage facility in the world. The energy storage facility stores excess daytime electrical energy for later use during periods of lower electricity production Such excess energy is typically produced by renewable energy sources such as solar and wind..

<span class="mw-page-title-main">Sempra</span> Utility holding company

Sempra is a North American public utility holding company based in San Diego, California. The company is one of the largest utility holding companies in the United States with nearly 40 million consumers. Sempra's focus is on electric and natural gas infrastructure and its operating companies include: Southern California Gas Company (SoCalGas) and San Diego Gas & Electric (SDGE) in Southern California; Oncor Electric Delivery Company in Texas; and Sempra Infrastructure, with offices in California and Texas.

<span class="mw-page-title-main">Exide</span> American manufacturer of lead-acid batteries

Exide was originally a brand name for batteries produced by The Electric Storage Battery Company and later became Exide Holdings, Inc. doing business as Exide Technologies, an American lead-acid batteries manufacturing company. Exide Holdings manufactured automotive batteries and industrial batteries. Exide Holdings is based in Milton, Georgia, United States.

<span class="mw-page-title-main">A123 Systems</span> Electrochemical battery company

A123 Systems, LLC, a subsidiary of the Chinese Wanxiang Group Holdings, is a developer and manufacturer of lithium iron phosphate batteries and energy storage systems.

Quanta Services is an American corporation that provides infrastructure services for electric power, pipeline, industrial and communications industries. Capabilities include the planning, design, installation, program management, maintenance and repair of most types of network infrastructure. In June 2009, Quanta Services was added to the S&P 500 index, replacing Ingersoll-Rand.

<span class="mw-page-title-main">Valence Technology</span> Company manufacturer of lithium ion battery modules and packs

Valence Technology, Inc. was a company that developed and manufactured lithium iron phosphate cathode material as well as lithium ion battery modules and packs. The modules come in 12 V, 18 V, 24 V, and 36 V configurations. Valence's products are used in electric vehicle and plug-in hybrid electric vehicles (PHEVs) such as cars, scooters, motorbikes, and commercial vehicles such as buses, delivery vans and trucks. Valence batteries are also used in wheelchairs, medical carts, robotics, marine, rail, as well as stationary applications such as remote power, uninterruptible power supply (UPS), energy storage systems, frequency regulation and switching gear.

<span class="mw-page-title-main">Luminant</span> Electric utility company

Luminant is a Texas-based electric utility. It is a wholly owned subsidiary of Energy Future Holdings Corporation. Luminant's operations include electricity generation and wholesaling, mining, construction, and development. The company has capacity for the generation of 18,300 megawatts (MW) of electricity in 20 power plants spread across Texas, of which 2,300 MW come from nuclear power generated at the company's Comanche Peak Nuclear Power Plant, 5,800 MW from coal-fired power plants, and the remainder from natural gas-fired plants. Luminant is also a major purchaser of wind power.

<span class="mw-page-title-main">Coda Automotive</span> Former American electric vehicle manufacturer

Coda Automotive Inc. was a privately held American company headquartered in Los Angeles, California. The company designed and assembled lithium-iron phosphate (LiFePO4) battery systems for automotive and power storage utility applications, and electric cars. Miles Automotive partnered with Hafei and Qingyuan Electric Vehicle to establish Coda Automotive as an affiliate company. The name CODA comes from the musical term for the concluding passage of a piece of music. Coda Automotive has said that it chose the name because its electric vehicle technology represents an end for combustion engine vehicles, and the start of the electric vehicle era.

<span class="mw-page-title-main">Electric vehicle industry in China</span>

The electric vehicle industry in China is the largest in the world, accounting for around 58% of global production of electric vehicles (EVs) and more than 1.5 million exports in 2023. In 2023, CAAM reported China had sold 9.05 million passenger electric vehicles, consisting 6.26 million BEVs and 2.79 million PHEV. China also dominates the plug-in electric bus and light commercial vehicle market, reaching over 500,000 buses and 247,500 electric commercial vehicles in 2019, and recording new sales of 447,000 commercial EVs in 2023.

Talen Energy is an independent power producer founded in 2015. It was formed when the competitive power generation business of PPL Corporation was spun off and immediately combined with competitive generation businesses owned by private equity firm Riverstone Holdings. Following these transactions, PPL shareholders owned 65% of Talen's common stock and affiliates of Riverstone owned 35%. As a condition for FERC approval Talen agreed to divest approximately 1,300 megawatts of generating assets in the PJM Interconnection Region to mitigate FERC's competitiveness concerns. On December 6, 2016, Riverstone Holdings completed the purchase of the remaining 65% of Talen's common stock, making it a privately owned company.

<span class="mw-page-title-main">Tesla Megapack</span> Large-scale battery energy storage product manufactured by Tesla Energy

The Tesla Megapack is a large-scale rechargeable lithium-ion battery stationary energy storage product, intended for use at battery storage power stations, manufactured by Tesla Energy, the energy subsidiary of Tesla, Inc.

Shell Energy Australia provides gas, electricity, environmental products and energy productivity services to commercial and industrial customers.

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.