Vistra Energy
ERCOT’s legal department again delayed votes endorsing final changes to the grid operator’s bylaws and articles of incorporation.
Vistra Energy said Monday it closed its acquisition of Dynegy following a FERC order concluding the $1.7 billion deal raised no competitive concerns.
The Texas PUC (PUCT) conditionally approved Vistra Energy’s $1.7 billion acquisition of Dynegy, allowing the combined company to avert a requirement that it divest generation.
The staff of the Texas PUC recommended that it require Vistra Energy and Dynegy to divest at least 1,281 MW of generation to secure approval of their merger.
Greentech Media’s inaugural U.S. Power & Renewables Summit drew an international crowd of energy sector participants to hear from industry leaders.
ERCOT approved Luminant’s proposal to dispose of nearly 2,300 MW of coal-fired generation capacity in Texas.
Vistra Energy will acquire Dynegy in a $1.7 billion all-stock deal that will create a generation giant owning 40 GW of capacity.
ERCOT plans to revise its bylaws after discovering that dozens of members could be construed as affiliates because of stakes owned by investment funds.
Vistra Energy announced it will close two additional coal-fired plants, taking another 2,300 MW of capacity offline and slashing its coal portfolio.
The Gulf Coast Power Association’s 32nd Annual Fall Conference attracted several hundred attendees to the Texas state capital.
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