Vistra Expands Permian Basin Plant With New Gas Units

Core Insights - Vistra Corp. is expanding its Permian Basin Power Plant by adding two new natural gas units, increasing capacity from 325 megawatts to 1,185 megawatts to meet rising electricity demand in Texas [1][2] - The expansion is part of Vistra's long-term strategy to enhance the Electric Reliability Council of Texas (ERCOT) grid, with plans to add over 2,000 megawatts of new capacity by 2028 [2][5] - Texas Governor Greg Abbott supports the expansion, highlighting its potential to stabilize the grid, create jobs, and boost the state's economy [3] Company Developments - Since 2020, Vistra has added approximately 1,000 megawatts of new capacity through various upgrades and projects [2] - The company has completed over 400 megawatts of upgrades across its Texas gas plants and is nearing completion of a 200-megawatt solar facility [4] - Vistra plans to repower the retiring Coleto Creek coal site with natural gas, restoring 630 megawatts of capacity, which will diversify energy supply while maintaining dispatchable power [4] Financial Commitment - Vistra expects to invest nearly $2 billion in Texas projects since 2020, resulting in a total addition of about 3,100 megawatts of new capacity [5] - The expansion reinforces Vistra's commitment to providing reliable and affordable energy across the nation [5] Market Reaction - Vistra's shares are currently trading lower by 2.06% at $202.95 [6]