Vistra Corp. (VST): M&A transaction — Vistra completes Energy Harbor acquisition, adds 4 GW nuclear and ~1M customers

Vistra Corp.

Acquisition adds ~4,000 MW nuclear generation and ~1 million retail customers to Vistra's platform.
Vistra becomes largest U.S. competitive power generator with ~41,000 MW installed capacity.
Vistra holds 85% of Vistra Vision; Energy Harbor rollover holders hold 15% as Class B members.
Former Duke Energy CNO Bill Pitesa appointed to board as independent director, chairs new Nuclear Oversight Committee.
Combined company operates in 20 states and DC, serves ~5 million customers, employs ~6,800.

item 1.01 item 2.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

John W. (Bill) Pitesa

Director

VST · Vistra Corp.

Effective: 2024-03-07
Filed: March 7, 2024, 6:59 PM ET

the Board (i) increased the size of the Board from 11 members to 12 members and (ii) elected John W. (Bill) Pitesa to the Board, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John W. (Bill) Pitesa was elected as Director at Vistra Corp..

Action: elected
Role: Director

Exact text from the filing

the Board (i) increased the size of the Board from 11 members to 12 members and (ii) elected John W. (Bill) Pitesa to the Board, effective immediately.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.99

Vistra Corp. completed an acquisition involving Energy Harbor Corp. for 85% of equity interests in Vistra Vision in the form of Class A units, with Class B Members holding 15% (closed 2024-03-01).

Action: acquisition
Counterparty: Energy Harbor Corp.
Consideration: 85% of equity interests in Vistra Vision in the form of Class A units, with Class B Members holding 15%
Closing: 2024-03-01

Exact text from the filing

), by and among Vistra Operations Company, LLC, a Delaware limited liability company (“ Parent ”) and an indirect wholly owned subsidiary of Vistra, Black Pen Inc., a Delaware corporation (“ Merger Sub ”) and an indirect wholly-owned subsidiary of Parent, and Energy Harbor Corp., a Delaware corporation (“ Energy Harbor ”), pursuant to which, among other things, Merger Sub merged with and into Energy Harbor (the “ Merger ”), with Energy Harbor continuing as the surviving entity following the completion of the Merger (the “ Surviving Corporation ”).

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Vistra Corp. filing history →

Source: SEC EDGAR

accession 0001193125-24-062246

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