Vistra Corp. - VST STOCK NEWS

Vistra (NYSE: VST) has received approval from the Nuclear Regulatory Commission (NRC) to extend the operation of its Comanche Peak Nuclear Power Plant through 2053, an additional 20 years beyond its original licenses. This extension ensures continued reliable, baseload generation of zero-carbon electricity. The plant's two units can now operate until 2050 and 2053, respectively.

Comanche Peak is the third of Vistra's four nuclear plants to receive a license extension. The company's nuclear fleet has a capacity to generate over 6,500 MW of emission-free energy, powering about 3.25 million homes. The extension also secures continued economic benefits for the local area, with the plant employing over 600 employees and 200 permanent contractors, and paying more than $30 million annually in state and local taxes.

Homefield Energy, a Vistra subsidiary, has secured a multi-year contract with the U.S. General Services Administration (GSA) to provide carbon pollution-free electricity to federal facilities in Illinois. The agreement ensures that these facilities will be powered by nearly 80% wind energy, aligning with the federal government's goal to procure 100% of its net annual electricity from carbon pollution-free sources by 2030.

Homefield will supply emission-free electricity through renewable energy Certificates (RECs) from power generation facilities in the 15-state MISO region, with a commercial online date of Oct. 1, 2021, or later. This contract positions GSA as a national leader in sustainability and demonstrates Homefield Energy's commitment to supporting customers in achieving ambitious environmental goals.

Vistra (NYSE: VST) has announced that it will release its second quarter 2024 financial and operating results on Thursday, Aug. 8, 2024. The company will host a live conference call and webcast at 10 a.m. ET (9 a.m. CT) to discuss the results. Investors and analysts can access the webcast through Vistra's website under the 'Investor Relations' section and 'Events & Presentations' subsection. For those who prefer to listen by phone, registration is required prior to the call to receive dial-in information. A replay of the webcast will be available on Vistra's website for one year following the event, providing extended access to the financial information and discussion.

Vistra (NYSE: VST), a Texas-based energy company, has pledged $1 million to aid customers and communities impacted by Hurricane Beryl. The donation will be split between charity and social services partners for supplies and food assistance, and Vistra's Energy Aid program for electric bill support. $400,000 is specifically allocated for bill-payment assistance in affected areas.

Vistra's retail brands, including TXU Energy and Ambit Energy, are offering payment flexibility to affected customers through August 30, including waived late fees and extended payment due dates. The company's Energy Aid program has provided over $130 million in bill-payment assistance over 40 years, helping around 20,000 families annually.

Vistra (NYSE: VST) has announced plans to add up to 2,000 MW of natural-gas-fueled power capacity in Texas. This includes constructing up to 860 MW of new simple-cycle peaker plants, repowering the 600 MW Coleto Creek coal plant into a gas plant, and upgrading existing gas plants to add more than 500 MW of summer capacity and 100 MW of winter capacity. The initiative aims to support Texas' growing power needs driven by economic and population growth. Vistra’s investment is supported by recent Texas legislative reforms that incentivize dispatchable generation. The company is filing a Notice of Intent to apply for support from the Texas Energy Fund on May 31. This plan ensures reliable, affordable, and lower-emission power for Texans while leveraging existing infrastructure for quicker project completion.

TXU Energy announced the recipients of the 2024 TXU Energy Leadership Awards at the TXU Energy Summit in Houston. The awards recognize achievements in energy management, sustainability, engagement, and community service. Winners include:

Foxconn Industrial Internet for Energy Management, saving 128,000 kWh annually through a $20,000 investment in industrial chiller upgrades.

Harris County for Sustainability, achieving 31 of 32 climate action goals, saving $540,000, and receiving $200,000 in utility credits.

City of Corpus Christi for Engagement, launching a tree-planting initiative funded by nearly $300,000 from TXU Energy, earning $30,000 in Reduction Rewards.

Mission 911 for Community, providing $800,000 in bill-payment assistance and distributing 2,000 fans through various support campaigns.

TXU Energy will present additional awards at the Dallas/Fort Worth Summit in the fall.

Vistra Corp. reported strong first quarter 2024 financial results with GAAP Net Income of $18 million, Cash Flow from Operations of $312 million, and Ongoing Operations Adjusted EBITDA of $813 million. The company raised synergy expectations for Energy Harbor and announced $200 million OPI initiatives. Vistra was added to the S&P 500 effective May 8, 2024. The company remains focused on delivering strong and stable earnings, executing disciplined capital allocation, and supporting a sustainable energy future.

Vistra (NYSE: VST) declared a quarterly dividend of $0.2175 per share of common stock, totaling an estimated $75 million this quarter, marking a 7% increase from the previous year. The company also announced semi-annual dividends for its Series B and Series C preferred stocks.