Vistra Corp - VST STOCK NEWS

Dynegy and Comp-U-Dopt are collaborating to provide 1,000 laptops to students in Chicago's 10th Ward, aiming to bridge the digital divide in education. The distribution will occur on August 21, 2020, through contactless drive-thru events at George Washington High School. Families qualifying for this initiative must have a student enrolled in a 10th Ward school. This effort addresses the significant issue of technology access, especially as 46% of low-income families lack computers at home, according to the Pew Research Institute.

TXU Energy, based in Irving, Texas, has recognized four South Texas organizations with its Energy Leadership Awards. These awards honor leadership in energy management, community engagement, and innovation. Winners include Lewis Food Town, Galveston County, SI Group, and Driscoll Children's Hospital. Notable achievements include Lewis Food Town saving over $500,000 annually through energy conservation and Galveston County achieving long-term savings of $100,000 per year via a customized power contract. The program aims to inspire industry-wide leadership in energy efficiency and environmental stewardship.

TXU Energy has launched the TXU Energy Simple Rate Plus A/C Care plan, designed to provide a fixed electricity rate and proactive A/C maintenance for Texas customers. This initiative aims to help customers save up to 30% on summer cooling bills. The plan includes two annual A/C maintenance visits, 24/7 priority service, and discounts on repairs. Additionally, a Summer Cooldown Giveaway offers prizes including a new A/C unit valued at $12,500. This new offering aligns with TXU's commitment to customer satisfaction and convenience.

Vistra reported a net income of $164 million for Q2 2020, down from $354 million in Q2 2019, primarily due to lower unrealized gains on hedging. Ongoing Operations Adjusted EBITDA increased to $929 million, surpassing expectations. The company reaffirmed its 2020 guidance for Ongoing Operations Adjusted EBITDA between $3,285 million and $3,585 million and Ongoing Operations Adjusted Free Cash Flow before Growth between $2,160 million and $2,460 million. Vistra reduced approximately $666 million in debt and maintains liquidity of about $1,669 million.

Vistra has declared a quarterly dividend of $0.135 per share, marking an 8% increase from the same period in 2019. The dividend, amounting to $0.54 annually, will be paid on Sept. 30, 2020, to shareholders recorded by Sept. 16, 2020, with an ex-dividend date of Sept. 15, 2020. This consistency in dividend payments reflects Vistra's commitment to delivering value to its investors amidst its operations across 20 states and international markets.

TXU Energy has announced a $10,000 donation to assist communities affected by Hurricane Hanna. The funds will be split between Hidalgo County for personal protective equipment and Mission 911 in Corpus Christi for sanitary supplies and food replacement. Additionally, TXU Energy will offer payment flexibility for customers impacted by the hurricane and the pandemic, including waived late fees and extended payment due dates. Bill-payment assistance is also available through TXU Energy Aid.

Vistra (NYSE: VST) will release its second quarter 2020 financial results on August 5, 2020, during a live conference call starting at 8 a.m. ET. The results will be available via a webcast on the company’s investor relations website. An additional 90-minute virtual investor event focused on capital allocation will take place on September 29, 2020. Replays of both events will be accessible for one year following the live presentations. Vistra serves nearly 5 million customers and is the largest competitive residential electricity provider in the U.S.

TXU Energy, based in Irving, Texas, has launched initiatives to assist customers amid the COVID-19 pandemic. The company is offering energy-saving tips to help minimize costs during the summer months when energy use spikes. Customers can benefit from payment flexibility, payment assistance through the TXU Energy Aid program, and the COVID-19 Electricity Relief Program. These measures aim to alleviate financial strain while ensuring reliable energy services. TXU Energy emphasizes its commitment to supporting Texas households during this challenging period.

Vistra (NYSE: VST) has appointed Tom Farrah as the new Chief Information Officer, effective July 6, 2020. Farrah, a seasoned IT professional with over 30 years of experience, succeeds Ravi Malik, who resigned for personal reasons. He brings extensive knowledge from his previous roles, including CIO at Keurig Dr Pepper. CEO Curt Morgan expressed confidence in Farrah's ability to enhance Vistra's technology platforms during this crucial period of growth and adaptation in the energy sector.