Energy Harbor — ~4,000 MW nuclear fleet + retail electricity business, creating Vistra Vision
Vistra completed Energy Harbor acquisition for $6.8B ($3B cash + 15% equity in Vistra Vision). Added ~4 GW of nuclear capacity to Vistra's fleet, creating the second-largest competitive nuclear fleet in the US.
$6.80B
Deal Value
4,000MW
Capacity
Nuclear
Technology
OH, PA
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Energy Harbor
- Buyer / Financier
- Vistra Corp
- Deal Value
- $6.8B
- Stage
- Operating
- ISO/RTO
- PJM
- Source
- Vistra Corp IR
Capital Structure
$6.80B
Total transaction value
Tranches
- Cash Consideration to Energy Harbor · Vistra Corp
- $3.00B
- Equity - 15% ownership stake in Vistra Vision · Vistra Vision
- $3.33B
Service Providers
Advisory & Legal
- Buyer Counsel
- Latham & Watkins; Balch & Bingham
- Target Counsel
- Dechert; Morgan, Lewis & Bockius
- Buyer Financial Advisor
- Citi
- Seller Financial Advisor
- Goldman Sachs; RBC Capital Markets
Related Deals
Dynegy — natural gas + coal generation; combined Vistra+Dynegy 40 GW capacity (60% gas), 12 states, 2.7M residential + 240K C&I customers
Dynegy public shareholders → Vistra Energy (later Vistra Corp)
$1.7B all-stock (0.652 Vistra shares per Dynegy share)
Comanche Peak Nuclear Power Plant — 1,200 MW (existing nuclear baseload, Glen Rose, Texas)
Vistra Corp → Undisclosed investment-grade customer (likely hyperscaler)
1,200 MW
Natural gas portfolio — 2.6 GW across 7 gas plants in PJM, ISO-NE, NYISO, CAISO
Lotus Infrastructure Partners → Vistra Corp
$1.9B
20-year nuclear PPAs — 2,600+ MW from 3 nuclear plants (Beaver Valley PA, Davis-Besse OH, Perry OH)
Vistra → Meta
Undisclosed (20-year term)
WGL Holdings — Washington Gas Light + non-regulated power/marketing/midstream
AltaGas Ltd.
C$8.4B (~$6.4B USD; $88.25/share cash)
TerraForm Power 51% + TerraForm Global 100% (out of SunEdison Ch.11)
Brookfield Asset Management
$2.49B ($1.7B TERP 51% @ $11.46/sh + $787M TERG)
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.