Vistra to Create “Vistra Vision,” a Leading Zero-Carbon Generation and Retail Platform, Through the Acquisition of Energy Harbor

Irving, Texas - Vistra Board increases aggregate share repurchase authorization by $1 billion~$1.8 billion authorization expected to be completed by year-end 2024

Vistra Corp. announced that it has executed a definitive agreement with Energy Harbor Corp., pursuant to which Energy Harbor will merge with and into a newly-formed subsidiary of Vistra. The transaction will combine Energy Harbor's nuclear and retail businesses with Vistra's nuclear and retail businesses and Vistra Zero renewables and storage projects under a newly formed subsidiary holding company, referred to generally as "Vistra Vision."

Vistra Vision will be a premier zero-carbon generation and retail growth company. With a continuing safety-first culture, it will operate the second-largest competitive nuclear fleet in the country with four nuclear plants totaling more than 6,400 MW across ERCOT and PJM. This fleet provides critical, zero-carbon baseload generation that produces enough electricity to power 3.2 million U.S. homes.

Source: vistracorp.com