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TXU Parent Reports Retail Segment Results
Vistra Energy, the parent of TXU Energy and other retail brands, announced that its Retail Electricity segment recorded Adjusted EBITDA of $176 million and net income of $7 million for the three months period ending September 30, 2017
The Retail segment reported an operating loss of $3 million for the three months period ending September 30, 2017, which was primarily driven by $89 million of unrealized losses in purchased power costs on positions with its Wholesale Generation segment, mostly offset by favorable profit margins.
For the three months ended September 30, 2017, retail electricity revenues totaled $1.286 billion and included $1.223 billion related to 12,205 GWh in sales volumes.
During the period, revenues were unfavorably impacted by mild weather during the peak summer cooling period
Residential retail volumes for the three months ended September 30, 2017 were 6,948 GWh
Retail SG&A totaled $113 million for the three months ended September 30, 2017, reflecting an increase in bad debt expense as a result of the estimated impact on collectability from customers affected by Hurricane Harvey.
Vistra did not report a retail customer count in a 10-Q
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November 2, 2017
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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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