December 4, 2017
Vistra Announces Senior Management Post-Merger With Dynegy, Including Retail Leadership
Vistra Energy Corp. has informed employees of senior leadership of the company once the merger with Dynegy is complete
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November 27, 2017
Update: Vistra-Dynegy Confirm Texas Units Subject To Sale Process; Proposes Mitigation Alternative If Sale Not Consummated
Vistra Energy, in filing for approval at the Texas PUC of its merger with Dynegy, has confirmed the units subject to a sale process, which would result in the combined entity being under the 20% market power threshold, but, to the extent the sale processes are not consummated, the company sought a…
November 7, 2017
ERCOT Finds Luminant's Retiring Sandow, Big Brown Units Not Needed For Transmission System Reliability
ERCOT issued a final determination that several Sandow and Big Brown generating units for which Luminant has announced retirement are not needed for transmission system reliability.
November 6, 2017
Retail Supplier Names Former TXU Exec As New EVP, CFO
Stream (formerly Stream Energy) announced the addition of David Faranetta as Executive Vice President and Chief Financial Officer.
November 3, 2017
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
October 31, 2017
Update: Vistra Identifies Plants Under Consideration For Sale To Stay Under 20% Market Share In ERCOT After Dynegy Merger
Vistra, in a communication to employees, has identified several power plants under consideration for sale as a result of its proposed merger with Dynegy
October 31, 2017
Vistra: Merger With Dynegy Creates "Tremendous" Platform For Retail Growth
Retail To Be a "Focus" Of Capital Deployment, Could Include Retail Acquisitions
Discussing the merger between Vistra Energy, the parent company for TXU Energy and Luminant, and Dynegy Inc., first announced yesterday (see details here) , Vistra Energy President and Chief Executive Officer Curt Morgan said during an analyst call that retail would be a "focus" for the deployment…
October 30, 2017
ERCOT: Monticello Units Not Needed For Transmission System Reliability
On October 6, 2017, ERCOT received a Notification of Suspension of Operations (NSO) for the following Generation Resources: LUMINANT GENERATION COMPANY LLC (RE) – Monticello Unit 1 (MNSES_UNIT1), Monticello Unit 2 (MNSES_UNIT2), and Monticello Unit 3 (MNSES_UNIT3)
October 30, 2017
Updated: Vistra-Dynegy Merger Will Require "Modest" Mitigation In ERCOT
During an analyst call on the announcement, in response to a question regarding any market power issues resulting from the merger, Vistra Energy President and Chief Executive Officer Curt Morgan said, "We will need to do some modest mitigation, roughly around 900 MW in ERCOT."
October 13, 2017
Aluminum Manufacturer Reaches Early Termination Of Power Contract With Texas Power Provider
Alcoa Corporation announced that the company and power provider Luminant Generation Company LLC have terminated the electricity contract tied to Alcoa’s Rockdale Operations in Texas.
October 13, 2017
Report: Marginal Losses In ERCOT Results In Only $8.6 Million In Production Cost Savings (0.13%), Would Reduce Generator Net Revenues By 7.54%
A study performed by the Brattle Group, sponsored by First Solar Inc., Vistra Energy Corp., and the Wind Coalition, says that implementing marginal losses in ERCOT would result in only 0.13% in production cost savings, while reducing generator net revenues
October 13, 2017
Luminant To Close Two More Texas Power Plants
Luminant, a subsidiary of Vistra Energy, today announced that it will close two coal-fueled power plants in Central Texas: its two-unit Sandow Power Plant in Milam County and its two-unit Big Brown Power Plant in Freestone County. In total, approximately 2,300 MW of nameplate power will be taken…
October 6, 2017
Luminant To Retire Monticello Power Plant
Luminant, a subsidiary of Vistra Energy, today announced plans to retire all three units at its Monticello Power Plant in Titus County, Texas.
October 2, 2017
Vistra: Solutions In NRG/Calpine Whitepaper On ERCOT Market Would Not Address Cited Problems, Instead Benefit Houston-Area Generators
Vistra Suggests Price Adder When Thermal Resources Needed To Serve Load, But Are Not Price-Setting
Commenting on a whitepaper on price formation issues in the ERCOT market commissioned by NRG and Calpine, Vistra Energy said that rather than addressing the drivers of low energy prices in ERCOT, the proposals from the NRG/Calpine whitepaper would not address such drivers and instead the proposals…
August 7, 2017
Vistra Execs Address Sticky, Industry-Leading Retail Margins, Customer Segmentation
Vistra Reiterates View On M&A, Not "Compelled" To Seek Assets Outside Of ERCOT
During an earnings call on Friday, executives at Vistra Energy, the parent of TXU and Luminant, discussed retail margins and customer segmentation
August 4, 2017
TXU Parent Sees Negligible Decline In Residential Customer Count, Reports "Robust" Margins
In releasing earnings today, Vistra Energy (parent of TXU and other retail brands) reported that it saw a negligible decrease in its residential customer count during the second quarter.
August 3, 2017
Exelon CEO On Retail: "We Don't Need To Chase Volume, We Chase Margin"
Execs Talk Retail M&A, Segmentation Focus
During an earnings call, Exelon executives discussed their retail strategy and position.
July 6, 2017
TXU Parent To Acquire Nearly 1,100 MW of Generation in ERCOT
Vistra Energy, the parent company for TXU Energy and Luminant, announced today it has entered into a definitive agreement to acquire a 1,054 MW combined cycle, combustion turbine power plant located in Odessa, Texas from a subsidiary of Koch Ag & Energy Solutions, LLC.
May 19, 2017
Vistra CEO: Only Way To Grow TXU Brand Is Through Acquisition, But It's Not The Right Time
Any meaningful customer growth for the TXU Energy brand will likely need to come from acquisitions, but now is not the right time to purchase retail books, Vistra Energy CEO Curt Morgan said during an earnings call yesterday
May 18, 2017
Flash: TXU Parent Reports Residential Retail Customer Growth, Flat Overall Customer Count
CEO Says Retail "Cornerstone" Of Vistra Energy
In reporting earnings today, Vistra Energy (parent of TXU and other retail brands) said that it grew its residential retail customer count during the first quarter.
May 18, 2017
TXU Parent Acquires Texas' Largest Solar Plant, Touts Function as "Key Retail Platform"
Vistra Energy, the parent company for TXU Energy and Luminant, announced the purchase of the Upton County Solar 2 development project in West Texas.
May 10, 2017
New Texas Retail Brand, TXU Affiliate, Launches "No Frills" Service, "Rock Bottom" Prices
Offers Include Under 3¢/kWh Plans, Flat (Non-Volumetric) Pricing Plans
Express Energy, a new brand of the recently renamed Value Based Brands LLC, has launched retail electric service in Texas.
May 8, 2017
Retail Affiliate of Large Texas REP Receives OK To Add Trade Name Express Energy, Change Legal Name To Value Based Brands
The Public Utility Commission of Texas granted 4Change Energy Company LLC an amendment to its Texas retail electric provider certificate to change its legal name to Value Based Brands LLC and to add the trade name Express Energy to the certificate
April 7, 2017
Retail Affiliate of Large Texas REP To Add Trade Name Express Energy, Change Legal Name To Value Based Brands
4Change Energy Company LLC has applied for an amendment to its Texas retail electric provider certificate to change its legal name to Value Based Brands LLC and to add the trade name Express Energy to the certificate
March 31, 2017
TXU Parent: Any Retail M&A Would Need To Build Integrated Model (Not Interested in Retail-Only Northeast Buys); ERCOT Retail M&A Possible, But Not Sure If "Right Time"
During an earnings call yesterday, Vistra Energy executives discussed its capital allocation strategy and potential for M&A, including potential M&A for its retail segment