Vistra(US:VST) Prnewswireยท2025-09-29 10:30Core Insights - Vistra Corp. is advancing its capital plan to enhance grid reliability in Texas, with a focus on adding over 2,000 megawatts (MW) of new generation capacity by 2028, driven by customer demand and the needs of the oil and natural gas industries [1][2][4] Group 1: Investment and Capacity Expansion - The company has made a final investment decision to construct two new advanced natural gas power units totaling 860 MW at its Permian Basin Power Plant, increasing the site's capacity from 325 MW to 1,185 MW [1] - Since 2020, Vistra has invested nearly $2 billion to add approximately 3,100 MW of new generation capacity in Texas [7] - In 2024, Vistra identified over $1 billion in potential capital additions in generation capacity within the Texas ERCOT market by 2028, contingent on favorable market conditions [1][4] Group 2: Recent Developments and Projects - Between 2020 and 2023, Vistra added around 1,000 MW of new generation capacity in Texas through enhancements to its gas fleet and new projects [3] - The company is nearing completion of a 200-MW solar project at the site of a retired lignite mine, expected to begin commercial operations in Q4 2025 [6] - Vistra plans to repower the Coleto Creek Power Plant, restoring approximately 630 MW of generation capacity while repurposing existing infrastructure [6] Group 3: Economic Impact and Community Support - Texas Governor Greg Abbott highlighted that Vistra's investment will reinforce the state's electric grid, create jobs, and drive regional economic growth [5] - The expansion at the Permian Basin Power Plant is seen as a critical step in meeting the energy demands of Texas's growing economy [5][8]