Vistra Corp.

Vistra Corp. (NYSE: Texas) operates as an integrated retail electricity and power generation company serving approximately five million residential, commercial, and industrial customers across eighteen states and the District of Columbia. The company's website is located at www.vistraenergy.com.

Vistra combines a customer-centric retail energy platform with one of the largest competitive power generation fleets in the United States, totaling approximately 44,000 megawatts of generation capacity. This integrated business model distinguishes Vistra from standalone competitors by enabling efficient procurement of electricity to serve retail customers at competitive costs while managing commodity price volatility.

The company operates through five reportable business segments: Retail, Texas, East, West, and Asset Closure. The Retail segment engages in electricity and natural gas sales through multiple brands including TXU Energy, Ambit Energy, Dynegy Energy Services, Homefield Energy, Energy Harbor, and U.S. Gas & Electric. The generation segments operate across major competitive wholesale power markets including ERCOT, PJM, ISO-NE, NYISO, MISO, and CAISO.

Vistra's generation portfolio reflects fuel and technology diversity, comprising natural gas facilities (62 percent of capacity), coal-fueled generation (20 percent), nuclear units (15 percent), and renewable solar and battery storage (3 percent). The company owns and operates six nuclear generation units across four facilities and maintains significant natural gas and coal-fueled generation capacity distributed across its operating regions.

As of December 31, 2025, Vistra employed approximately 6,390 full-time employees, including approximately 1,860 employees under collective bargaining agreements. The company's largest retail market concentration is in Texas, where it serves approximately 2.6 million customers. Vistra's wholesale operations include a commodity risk management group responsible for dispatching the generation fleet and managing portfolio optimization strategies.

The company emerged from reorganization under Chapter 11 of the U.S. Bankruptcy Code on October 3, 2016, following its predecessor's emergence from Energy Future Holdings Corp. Vistra's strategic focus emphasizes maintaining a resilient balance sheet, disciplined capital allocation, and executing a strategic energy transition toward low-to-no carbon resources while supporting grid reliability and affordability.