Reported Monday, Vistra Received Approval From Federal Energy Regulatory Commission On Energy Harbor Acquisition
Portfolio Pulse from Benzinga Newsdesk
Vistra received the final regulatory approval from the Federal Energy Regulatory Commission (FERC) for its acquisition of Energy Harbor, which includes a 4,000-megawatt nuclear generation fleet and a retail business of approximately 1 million customers. This acquisition is seen as a significant step in accelerating Vistra's growth in zero-carbon generation.
February 20, 2024 | 8:20 am
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Vistra's acquisition of Energy Harbor, including a significant nuclear generation fleet and a large customer base, positions the company for accelerated growth in the zero-carbon sector.
The acquisition of Energy Harbor by Vistra is a strategic move that significantly enhances Vistra's zero-carbon generation capabilities and customer base. The approval from FERC, being the last regulatory hurdle, means that the transaction is set to close, likely positively impacting Vistra's stock in the short term due to the growth prospects and expansion in the zero-carbon sector.
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