Vistra Corporation (NYSE: VST) is an integrated power company headquartered in Irving, Texas. Formed through the merger of Vistra Energy and Dynegy in April 2018, Vistra traces its roots to the restructuring of TXU Energy and subsequent industry consolidations. The company’s history reflects a strategic focus on assembling a diverse generation fleet alongside a retail energy platform to serve deregulated markets across the United States.
Vistra’s core business activities are divided between power generation and retail electricity sales. On the generation side, the company operates a balanced portfolio of natural gas, coal, nuclear and solar facilities, supplemented by utility-scale battery storage assets. Its retail segment markets electricity and related services to residential, commercial and industrial customers under various local brands, offering fixed-price contracts, renewable energy solutions and demand-response programs.
With operations in multiple regional markets—including Electric Reliability Council of Texas (ERCOT), Illinois, New York, Pennsylvania, Maryland, New Jersey and Connecticut—Vistra serves millions of customer accounts nationwide. The company has invested in grid reliability and clean-energy initiatives, pairing its conventional generation fleet with growing renewables and storage capacity. Led by President and CEO Curt Morgan, Vistra continues to prioritize operational efficiency, sustainability targets and customer-focused innovations in competitive energy markets.
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