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Vistra: Only 1,000 MW Of Its Texas Capacity Are Not "Able" To Produce Electricity
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Vistra issued a news release today stating that of the company's nearly 19,000 megawatts of Texas capacity, only approximately 1,000 megawatts are currently not able to produce electricity; however, a larger, undisclosed amount of capacity -- while "able" to produce electricity -- was not currently doing so due to challenges with fuel supply
"Most of the remaining 18,000 megawatts are producing electricity with the balance of the capacity constrained due to challenges with receiving a steady supply of fuel for some plants as well as challenges with handling fuel already on site given the freezing conditions," Vistra said
In the news release, Vistra did not explicitly cite the number of megawatts able to produce electricity but which were not currently doing so due to such fuel issues.
Vistra's full news release is below. EnergyChoiceMatters.com disclaims any responsibility for the content, data, characterizations or allegations contained in the release below, and makes no averment as to its accuracy or statements
Vistra's Effort To Powering Texas During Unprecedented Winter Storm
February 17, 2021
IRVING, Texas, Feb. 17, 2021 -- Vistra (NYSE: VST), through its integrated retail and power generation business, is committed to providing an essential product – electricity – and exceptional customer service every day of the year, and especially during this historic winter storm.
"Our people have worked around the clock, across the company and especially at our power plants, under difficult circumstances and continue to do so. We know that many of our fellow Texans are without electricity and are suffering through this unprecedented winter weather event. We are committed to doing everything possible to provide electricity to them with the utmost urgency," said Curt Morgan, CEO of Vistra.
Vistra is powered by a diverse fleet of generation sources, made up of nuclear, natural gas, coal, solar, and battery energy storage. While the weather has created a number of challenges, of the company's nearly 19,000 megawatts of capacity, only approximately 1,000 megawatts are currently not able to produce electricity. Most of the remaining 18,000 megawatts are producing electricity with the balance of the capacity constrained due to challenges with receiving a steady supply of fuel for some plants as well as challenges with handling fuel already on site given the freezing conditions. Luminant, Vistra's generation subsidiary, is working with the electric utilities, natural gas pipelines and producers, and the railroad companies to obtain as much fuel supply as possible.
Power plant teams executed a significant winter preparedness strategy to keep electricity flowing to the Texas power grid during this unprecedented, extended winter weather event. Through these efforts and dealing with the challenges with fueling, Vistra estimates that it was able to produce approximately 25-30% of the power on the grid Monday and Tuesday, compared to its market share of capacity of approximately 18%.
Luminant has a winter weather preparedness process that includes an extensive checklist of items to review prior to the start of the season. This process includes installing windbreaks and large radiant heaters to supplement existing freeze protection and insulation, and performing preventative maintenance on freeze protection equipment such as the insulation and automatic circuitry designed to keep pipes from freezing. Around-the-clock weather monitoring, especially of critical instruments, occurs as well as coordination with ERCOT, the Public Utilities Commission of Texas, and the Railroad Commission of Texas.
Vistra recognizes that this unprecedented winter weather event in Texas is not over and we are continuing to focus on taking every action possible to keep our plants online, delivering the maximum electricity possible to Texans.
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February 17, 2021
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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