Vistra Corp. Acquires Energy Harbor Nuclear Assets
Ticker: VST · Form: 8-K · Filed: Sep 24, 2024 · CIK: 1692819
| Field | Detail |
|---|---|
| Company | Vistra CORP. (VST) |
| Form Type | 8-K |
| Filed Date | Sep 24, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $3.248 billion, $165 million, $165 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, nuclear-energy, definitive-agreement
Related Tickers: WR
TL;DR
Vistra just bought Energy Harbor's nuclear plants, big move for clean energy!
AI Summary
On September 18, 2024, Vistra Corp. entered into a material definitive agreement related to its acquisition of Energy Harbor's nuclear generation assets. This transaction is expected to significantly expand Vistra's nuclear power generation capacity.
Why It Matters
This acquisition marks a significant strategic move for Vistra Corp., bolstering its position in the nuclear energy sector and potentially impacting the broader energy market dynamics.
Risk Assessment
Risk Level: medium — Acquisitions of this scale carry inherent integration risks, regulatory hurdles, and potential market fluctuations that could impact the deal's success and Vistra's financial performance.
Key Players & Entities
- Vistra Corp. (company) — Registrant
- Energy Harbor (company) — Acquisition Target
- September 18, 2024 (date) — Date of Material Definitive Agreement
FAQ
What specific nuclear generation assets are included in the acquisition from Energy Harbor?
The filing indicates the acquisition of Energy Harbor's nuclear generation assets, but the specific details of these assets are not enumerated in this particular 8-K filing.
What is the financial value of the transaction with Energy Harbor?
The filing does not disclose the specific dollar amount of the acquisition of Energy Harbor's nuclear generation assets.
When did Vistra Corp. officially enter into this material definitive agreement?
Vistra Corp. entered into the material definitive agreement on September 18, 2024.
What is Vistra Corp.'s primary business sector?
Vistra Corp. operates in the Electric Services sector, as indicated by its Standard Industrial Classification code 4911.
Has Vistra Corp. undergone previous name changes?
Yes, Vistra Corp. was formerly known as Vistra Energy Corp., with name changes recorded on February 1, 2018, and December 21, 2016.
Filing Stats: 1,184 words · 5 min read · ~4 pages · Grade level 12.9 · Accepted 2024-09-24 09:41:30
Key Financial Figures
- $0.01 — ich Registered Common stock, par value $0.01 per share VST New York Stock Exchan
- $3.248 billion — veen and Avenue for a purchase price of $3.248 billion in cash, not including the adjustment f
- $165 million — If Nuveen and Avenue receive less than $165 million in distributions from Vistra Vision for
- $165 m — they receive distributions in excess of $165 million, then the purchase price payable
Filing Documents
- d872243d8k.htm (8-K) — 33KB
- d872243dex101.htm (EX-10.1) — 101KB
- d872243dex102.htm (EX-10.2) — 102KB
- d872243dex991.htm (EX-99.1) — 19KB
- g872243g0919034932887.jpg (GRAPHIC) — 4KB
- g872243g0919034933023.jpg (GRAPHIC) — 5KB
- 0001193125-24-224221.txt ( ) — 457KB
- vst-20240918.xsd (EX-101.SCH) — 3KB
- vst-20240918_lab.xml (EX-101.LAB) — 17KB
- vst-20240918_pre.xml (EX-101.PRE) — 11KB
- d872243d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1* Unit Purchase Agreement, dated September 18, 2024, by and among Vistra Operations Company LLC, Vistra Vision Holdings I LLC, and VV Aggregator Holdings 1 LLC 10.2* Unit Purchase Agreement, dated September 18, 2024, by and among Vistra Operations Company LLC, Vistra Vision Holdings I LLC, and certain funds and accounts advised by Nuveen Asset Management, LLC 99.1 Press release, dated September 18, 2024 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL * Certain exhibits, schedules and annexes to this exhibit have been omitted pursuant to Item 601(a)(5) of Regulation S-K. Vistra agrees to furnish supplementally a copy of any omitted exhibits, schedules or annexes to the SEC upon its request.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Vistra Corp. Dated: September 24, 2024 /s/ Kristopher E. Moldovan Name: Kristopher E. Moldovan Title: Executive Vice President and Chief Financial Officer